Egypt's stock exchange stays closed

Egypt’s stock exchange reopening has been delayed until at least Sunday.

A statement today from the Egyptian Exchange said it will not reopen as scheduled on Wednesday, adding it will remain closed “until work is back to normal in the banking sector.”

The exchange has been closed since January 28 after its benchmark index lost about 17% in two consecutive days of trading following the start of the massive protests that led to the toppling of president Hosni Mubarak.

Mounting strikes in the country have extended to the banking sector, with thousands of public sector bank workers demanding better pay and benefits.