25 Mar 2011

Egyptian stock market down further

8:09 am on 25 March 2011

Egypt's stock market closed almost 4% down after a second day of turbulent share trading on Thursday.

Dealing on the EGX index was suspended minutes after it opened, when shares tumbled 6.5%.

The market re-opened on Wednesday after a two-month closure, but trading was suspended when shares fell 10%.

The stock market had been shut since 27 January after losing 18% in the two trading days before closure.

Following the ousting of former President Hosni Mubarak, the government has taken a number of steps to support the market.