Egyptian Exchange Resumes Trading
On Wednesday, the Egyptian Stock Exchange resumed trading after it was suspended due to a fire at the Ramses major telecommunications center in Cairo.
Yesterday, Rania Yaacoub, a member of the Egyptian Stock Exchange, stated that the fire at Ramses Central caused a major disruption to internet and landline services.
This had a direct impact on market operations and the ability of clients to communicate with brokerage firms and regulatory bodies.
Speaking in an interview on Cairo News, Yaacoub explained that the disruption hindered the usual flow of daily operations, prompting the stock exchange administration to suspend trading during Tuesday's session.
She emphasized that the decision was made to uphold the principle of equal opportunity for all market participants, noting that allowing trading to continue amid imbalanced service access would have harmed investors' interests.
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