EGX suspends MB-run brokerage company
The Egyptian Stock Exchange (EGX) has taken a decision to prevent a Muslim Brotherhood-run brokerage company from speculating on the Egyptian stock market, EGX Chairman Mohamed Omran said on Thursday.
In statements to MENA, Omran said the decision was taken after the Egyptian Financial Supervisory Authority had sequestrated al Noran Securities & Brokerage company.
A commissioner will be in charge of the company in order not to harm the interests of brokers, he noted.