An Egyptian walks in front of a closed currency exchange office as banks, schools and the stock market remained closed for the second working day in Cairo, Egypt, January 31, 2011
An Egyptian walks in front of a closed currency exchange office as banks, schools and the stock market remained closed for the second working day in Cairo, Egypt, January 31, 2011

Egyptian authorities are again delaying the reopening of the country's stock market.

The market had been scheduled to reopen Tuesday. It is now expected to reopen on Sunday.

The stock market was closed a month ago, as weeks of protest swept President Hosni Mubarak out of office and disrupted the economy.

The last two days of trading before the closure saw a drastic 17 percent drop in stock prices.  

The falling stock prices reflected investor concern about disruption to the vital tourist industry, factory production, and foreign investment that are important to the economy.

 

Follow our Middle East reports on Twitter
and discuss them on our Facebook page.

Special Project

More Coverage