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Exceptional measures for Egyptian stock market remain in place, says authority
Decision follows Bourse chairman's prediction of a return to normal this week
Ahram Online Published in Ahram Online on 27 - 03 - 2011

The Egyptian Financial Services Authority (EFSA) has delayed a decision to cancel exceptional measures currently implemented on the stock market, state-run Egynews reported.
The decision was based on consultations between the stock exchange and Misr for Central Clearing, Depository and Registry and follows an earlier statement by stock exchange chairman Mohamed Abdul Salam suggesting exceptional measures may be cancelled during the current trading week.
Measures introduced by the EFSA include the reduction of the trading day to three hours and the placing of 'circuit breakers' to temporarily freeze trading in the event of strong upward or downward movement of key indexes.

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