Egypt stock exchange delays reopening till Wednesday

CAIRO (Reuters) - Egypt's stock exchange, shut since January 27 because of political unrest, will not reopen until Wednesday, a bourse official said on Saturday.

It is the second time the government has postponed the reopening. The bourse was initially due to have started trading again on February 7 and then on Sunday, February 13.

The market regulator said last week that once it opens the exchange will suspend trade for a half hour if its broad 100-share index declines by 5 percent and for even longer if it falls by 10 percent.

The market lost 69 billion Egyptian pounds ($11.7 billion) of its value in the two days it was open after countrywide protests broke out on January 25.

(Writing by Patrick Werr; editing by Patrick Graham)