|Published:||Feb 07, 2011 7:45 PM EST|
|Updated:||Feb 07, 2011 4:45 PM EST|
CAIRO (AP) - The Egyptian stock exchange says trading will resume Sunday. The massive protests that have roiled the country for the past two weeks panicked investors and pushed the country's currency to near six-year lows.
The government today also drew offers on $2.2 billion in Treasury bills - a bid to raise cash that many analysts and economists predicted would attract only domestic buyers. The Central Bank had originally intended on offering 15 billion pounds in a variety of three, six and nine months bills aimed at shoring up support for the financial sector a day after banks reopened.
The banks had been closed for a week amid the demonstrations demanding President Hosni Mubarak's ouster. The protests, which saw tens of thousands of people massing in downtown Cairo for demonstrations that at times turned violent, dampening economic activity.