Egyptian stock market falls 0.03 %
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In 2010, Abdel Moneim Saeed, then the chairperson of state mouthpiece Al-Ahram, oversaw an outrageous bit of...
This piece was written for Egypt Independent’s final weekly print edition, which was banned from going to press....
This piece was written for Egypt Independent's final weekly print edition, which was banned from going to press. We...
This piece was written for Egypt Independent's final weekly print edition, which was banned from going to press. We...
This piece was written for Egypt Independent’s final weekly print edition, which was banned from going to press...
This piece was written for Egypt Independent’s final weekly print edition, which was banned from going to press....
Egyptian stock market falls 0.03 %
On
Tue, 26/02/2013 - 18:08
The EGX30, the Egyptian Stock Exchange's benchmark index, fell 0.03 percent Tuesday, signaling a possible slowdown since it began reporting significant losses last week.
Since 21 February, the EGX30 lost 80.5 points amid deepening investor concern over the country’s ability to secure a US$4.8 billion loan from the International Monetary Fund.
Fertilizer and cement companies were among Tuesday's losers following a government decision to lift subsidies on fuel for heavy industries.
South Valley Cement Corporation stocks fell 0.95 percent, while shares in Samad Fertilizers dropped 0.16 percent.
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