Tuesday 08/July/2025 – 04:15 PM
A number of executives of financial intermediation companies in Egypt expected that the work of the Egyptian Stock Exchange will continue to stop during the trading of tomorrow’s session on Wednesday due to the Ramses Central fire, while some believe that the crisis will end by this evening.
The large fire on the communications network and Internet lines on a large scale harmed many brokerage companies, prompting the stock exchange management to stop trading today, Tuesday, to establish the principle of justice.
Misr Clearing and Central Registration Company was affected by the internet interruption
According to a source on the Egyptian Stock Exchange, the return of work tomorrow in the stock market will be linked to the return of the Internet service as it was and the opportunity for all companies to carry out operations at the same time, while ensuring that Egypt Clearing and Central Registration is not affected by the interruption of the Internet to ensure the process of instant settlements with high efficiency.
Dr. Atef Al -Sharqawi, Chairman and Founder of Horizon Securities, expected the end of the Internet crisis by this evening, provided that the Egyptian Stock Exchange will return to work during tomorrow’s trading on Wednesday after ensuring the regularity of Internet services, especially in the vicinity of Egypt Clearing Company for Central Deposit and Deposit in central Cairo.
He explained in a special statement to Cairo 24, that trading services will be affected negatively from the stock market stopping due to a Central Ramses fire accident, but this is a reality that must be dealt with, indicating that the effect will be temporary and then dealing with its normal course according to the directions of the dealers.
