January 27, 2011 / 9:44 AM / 8 years ago

Egypt exchange reopens, benchmark index down 8 pct

CAIRO, Jan 27 (Reuters) - Egypt's stock exchange reopened after being suspended on Thursday and the benchmark index .EGX30 extended its decline to 8.2 percent from 6.2 percent before the halt.

Activists trying to oust Egyptian President Hosni Mubarak extended their protests into a third day on Thursday, playing cat and mouse with police and making a new call for demonstrations seeking change.

Egypt’s bourse chief had said earlier there was no reason to suspend trading and called for investor calm, a newspaper reported. [ID:nLDE70Q0EI]

“There are no signs of people coming in to buy,” said Omar Darwish of CIBC brokerage. “Everything is down, even real estate which usually doesn’t get that affected.” (Reporting by Tom Pfeiffer)

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