EGX suspends MB-run brokerage company

EGX has suspended Muslim Brotherhood-run brokerage company.
The Egyptian Stock Exchange (EGX) has taken a decision to prevent a Muslim Brotherhood-run brokerage company from participating in 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.

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