Stock indices dropped collectively on Wednesday, which experts attributed to a state of uncertainty after President Abdel Fattah al-Sisi declined to approve the state budget and to the bombings that took place in the subway stations.
The main EGX30 index fell by 1.6 percent to 8,167 points, the EGX20 index fell by 1.7 percent to 9,875 points, the medium stocks EGX70 index fell by 1.5 percent to 583 points, and the EGX100 index fell by 1 percent to 1025 points.
The capital market lost LE4.8 billion to close at LE476.5 billion, compared to LE481.3 billion last week.
Egyptian investors sold for LE1.7 billion while Arab and foreign investors bought for LE711.8 million.
Financial expert Mohamed Gaballah, however, projected indices to rise again and break the 8,250-point zone.
Edited translation from Al-Masry Al-Youm
