Egyptian Stock Market Suffers Broad Sell-Off as EGX70 Plunges 6.58%
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EGX Recovery Collapses as Foreign Selling Deepens Ahead of Major IPOs
Egypt’s stock market suffered a sharp reversal on Sunday, October 18, as the benchmark EGX30 fell 2.63% to 50,896.19 points, its lowest close since July 1, wiping out the previous week’s two-session recovery just as Egypt prepared to launch two major equity-market transactions. The EGX70 index of smaller companies plunged 6.58%, almost two and a […]
ABG: 49.7000 critical test points for the key indicator under geopolitical tensions and rising investor concerns, the Egyptian stock exchange entered a sharp fallout, with sales pressure turning into large-scale exits, leading to the loss of 1,377 points during today's Sunday session. The EGX30 index fell by 2.63%, closing at 50,896 points, after touching 50,479 points during the session, [...] the article on the hammer of geopolitical tensions …
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