Investors demand Egyptian Exchange chairman’s removal

A number of investors in the Egyptian stock market protested Sunday outside the Egyptian Exchange building in Downtown Cairo, amid tight security, demanding the removal of its chairman, Mohamed Omran.
The protesters accused Omran of failure to achieve progress with regard to their demands to revoke the tax imposed on stock market capital gains, which they blame for recent market losses. They also accused him of contributing to the fall in indexes since the end of the Egypt Economic Development Conference (EEDC) two weeks ago, which, they said, had not yielded any positive effects for the market.
Edited translation from Al-Masry Al-Youm

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