Stock market dips 2.3%

Egypt’s main stock index lost 2.3 percent yesterday as a result of intensive selling on the part of foreign and Arab investors.

The EGX30 index lost 174 points and the price index dropped by two percent after the closing prices of 138 securities decreased while 29 increased. Companies accounted for 40 percent of the trades which totaled LE914 million.

Leading stocks, such as Orascom Telecom, Orascom Construction, Hermes, Ezz Steel, Talaat Mostafa Group, and the Egyptian Telecom Company, declined.

Translated from the Arabic Edition.

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