Business

Stock market loses LE45 million as result of Cairo University blasts

Profits of the stock market indexes made at the morning were reduced by end of the trading session on Wednesday, as a result of the blasts that broke out outside Cairo University.  
 
Brokers said fears of Egyptian investors of the blasts are the main motive behind the increasing selling, amid expectations over ongoing blasts before end of nominations to presidency.
 
The main EGX30 index rose by 0.13 percent to reach 7,930.07 points. The small- and medium-sized shares EGX70 index fell by 0.64 percent to close at 590.43 points. While the broader EGX100 index dropped by 0.54 percent to close at 1036.23  points.
 
Total trading reached LE760.2 after carrying out 31.9 transactions. Market capital lost LE45 million.
 
 
Edited translation from Al-Masry Al-Youm
 

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