Egypt's stock exchange and clearing house denied Tuesday reports of technical issues following a fire at the Ramsis Telephone Exchange, assuring investors that settlement and connectivity systems remain fully operational. In a joint statement, the Egyptian Exchange (EGX) and Misr for Central Clearing, Depository and Registry (MCDR) said there were no disruptions in communication lines between the two entities. They added that backup systems had been successfully activated since late Monday. MCDR confirmed that it had not experienced any service interruptions and completed all settlements due on Monday as scheduled. Tuesday's transactions are also being processed on time through established links with custodians and clearing banks. Earlier in the day, EGX announced a one-day halt in trading as a precautionary measure to "ensure creating a stable and functional trading ecosystem," following the Ramsis Exchange fire, which affected internet and telecom services in parts of Cairo. The clarification comes amid increased investor focus on infrastructure stability, as Egypt continues efforts to bolster market resilience and attract further investment. Attribution: Amwal Al Ghad English
