Egypt cabinet urges citizens to support Bourse

Ahram Online, Thursday 17 Mar 2011

Council of Ministers calls Egyptians and Arabs to invest when stock market reopens

Egypt's new Cabinet is urging citizens to support the stock market when it reopens, the council said in a press release today.

"We are calling citizens inside Egypt and overseas, as well as our Arab brothers to invest in the Egyptian Stock Exchange when it reopens" the statement reads.

The cabinet describes two methods of investment. The first is through buying securities from brokerage firms listed in the Bourse. The second method is via investment funds owned by many commercial banks, which offers investment packages of less than LE100 (US$19.80).

Egypt's stock market has been closed since the end of January and no firm date has yet been set for its reopening.

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