Egypt Exchange to Announce Relaunch Next Week

CAIRO -- Egypt's stock exchange says an announcement about its reopening, already repeatedly delayed, will come next week.

Thursday's e-mailed statement by the Egyptian Exchange comes after an almost monthlong halt in trading amid unrest surrounding Hosni Mubarak's ouster.

Exchange officials had said the market would remain closed until next week.

An exchange official says an announcement about the restart of operations is expected on Sunday, the first day of the work week. He spoke on condition of anonymity because he was not authorized to comment to the media.

The exchange has been closed since the end of business on Jan. 27, after its benchmark index fell almost 17 percent in two consecutive trading sessions as anti-government protests gained momentum.