By Marcus Leach
Tumbling share prices forced Egypt’s stock exchange to be suspended for a second straight day.
Prices began to fall minutes after the market opened, dropping 6.5% on Thursday following a drop of almost 10% on Wednesday. The continued falling prices prompted a thirty minute suspension.
The market had been closed for nearly two months following the problems in Egypt and the eventual ousting of now former President Mubarak. With authorities looking to stabalise markets experts predict that the prices will continue to fall.
Having been shut since January 27th the market has lost 18% in it’s first two days since re-opening, and despite Government measures there is no hope of stabilisation until sellers and buyers find a level they are comfortable with.