23 January 2013

Egypt: Protest By Local Stock Market Does Not Affect Operations - Says Head

Head of Egypt's stock market Mohamed Omran said on Wednesday that the protests by the headquarters will not affect operations, reported the Middle East News Agency.

Ultras (enthusiastic football fans) youths organized a protest by Egypt's stock market headquarters in downtown on Wednesday as part of a series of actions to pressure authorities to bring to justice those responsible for deadly football clashes that happened last year.

The verdict against the defendants who are behind the deadly clashes that killed over 70 youths last Februrary is expected to be announced on Saturday.

Omran insisted on Wednesday that the administration has taken the appropriate measures to ensure that no delay takes place due to the protests, including making it possible to operate from outside the downtown premises.

He added that the protest may only affect administrative operations.

Egypt's stock market once halted all its operations for 37 sessions starting January 28 of last year during the 18-day revolt that toppled President Hosni Mubarak.

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