Stock exchange falls 1.4 percent in anticipation of demos

Stock exchange falls 1.4 percent in anticipation of demos

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Mon, 03/12/2012 - 17:38

The Egyptian Stock Exchange fell by 1.4 percent by the end of trading on Monday, amid investor concern regarding anticipated demonstrations in front of the presidential palace in Cairo against President Mohamed Morsy’s recently issued constitutional declaration.

The benchmark index EGX30, which tracks the performance of the top 30 companies, lost 70 points to settle at 4,824 points.

Purchases dominated foreign transactions, while sales dominated domestic transactions.