Egyptian Stock Exchange Suspends Trading Following Network Outage
A fire at the Ramses Central Office in Cairo disrupted national internet services and e-commerce systems, prompting the Egyptian Stock Exchange to suspend trading.
The Egyptian Stock Exchange (EGX) announced the suspension of all trading sessions following a fire at the Ramses Central Office in Cairo. The incident caused widespread internet disruptions, impacting financial systems and digital connectivity across the country.
The EGX attributed the decision to the widespread disruption in internet services and the influence on e-commerce systems, which made it difficult to ensure fair and stable market operations.
The fire affected several sectors, including online trading platforms and banking services.
The suspension is expected to be temporary, with trading likely to resume once stable connectivity is restored and systems are confirmed to be operating securely.