March 7, 2011

Egypt

Egyptian Exchange again fails to reopen, bonds and GDR prices fall

The Egyptian Exchange has failed to meet another self-imposed deadline to reopen on 6 March, and investors are increasingly unhappy. In a statement on 3 March the stock exchange said the delay was linked to the resignation of Prime Minister Ahmed Shafik.

Exchange news

Uganda Securities Exchange extends trading to 5 days

The Uganda Securities Exchange has today (7 March) extended its trading to 5 days a week, up from 3 days. USE Chief Executive Joseph Kitamirike said it would help meet local and international demand. It will also match trading on other East African exchanges, as the exchanges harmonize in terms of an East African common market.