Arab Today, arab today presidential palace clashes drive egypt stocks down
Last Updated : GMT 22:09:23
Arab Today, arab today
Arab Today, arab today

Presidential palace clashes drive Egypt stocks down

Arab Today, arab today

Arab Today, arab today Presidential palace clashes drive Egypt stocks down

Cairo - Arabstoday

Egyptian bourse slides following confrontations outside presidential palace, with EGX30 falling by 4.61 pct The Egyptian stock market ended the week in the red, with significant losses being registered since the announcement of the 22 November constitutional decree that made President Mohamed Morsi\'s decisions impervious to judicial challenge. Egypt’s benchmark EGX30 index declined by 4.61 per cent, closing the day out at 4,838 points. The broader-based EGX70 index continued its downward trend from yesterday, sliding by 3.44 per cent. The political crisis is far from being resolved, and several opposition groups are planning further marches to the presidential palace on Thursday evening. Analysts predict that the political crisis could lead daily turnover to reach its lowest point since the January 2011 uprising. Trade volume continued its downward trend, standing at a meagre LE402 million, showcasing investors\' increasing distrust in the Egyptian economy\'s ability to recover. Of 168 shares traded, 137 suffered losses while only seven registered gains.     In recent weeks, Arab and foreign investors were heavy buyers and were behind several market rises, while Egyptians were mainly net sellers. This trend was reversed by the end of today\'s session, however, as Arab and foreign investors were net sellers for the day, offloading a total of LE21.8 million and LE8.5 million, respectively. On the other hand, Egyptians were net buyers, picking up almost LE30.4 million worth of shares. Blue chip Commercial International Bank (CIB) slipped by a momentous 6.39 per cent, while market giant Orascom Construction Industries (OCI) declined by 6.33 per cent. The real estate sector continued to bleed, meanwhile, with both Talaat Mostafa Group Holding (TMGH) and Palm Hills going down by 4.7 per cent and 3.48 per cent respectively. From Ahramonline

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today presidential palace clashes drive egypt stocks down Arab Today, arab today presidential palace clashes drive egypt stocks down

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today presidential palace clashes drive egypt stocks down Arab Today, arab today presidential palace clashes drive egypt stocks down

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Sheraton Grand Hotel reveals its deals

GMT 12:20 2017 Monday ,25 September

Sheraton Grand Hotel reveals its deals
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iraq Kurds in historic independence vote

GMT 15:20 2017 Monday ,25 September

Iraq Kurds in historic independence vote
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:02 2017 Sunday ,24 September

Harry visits mental health hospital

GMT 11:11 2017 Sunday ,24 September

The dark side of new tourism hope

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday