Arab Today, arab today egypt stock losses slow on hope of militarybrokered solution
Last Updated : GMT 02:29:34
Arab Today, arab today
Arab Today, arab today

Egypt stock losses slow on hope of military-brokered solution

Arab Today, arab today

Arab Today, arab today Egypt stock losses slow on hope of military-brokered solution

Cairo - Arab Today

Egypt\'s main index closed down 0.32 percent on Wednesday to sit at 4,971 points as early market losses slowed throughout the session. The main index dipped 1.7 percent at the beginning of the session in response to a Tuesday night speech by President Mohamed Morsi and bloody clashes at a protest site near Cairo University. \"The speech was threatening, and made people expect further violent clashes,\" Osama Mourad, an independent analyst and former chief executive of Arab Finance Brokerage, told Ahram Online. Speaking a day after mass popular protests demanding his ouster had spurred the armed forces to announce a 48-hour ultimatum for Morsi to \"meet the demands of the people,\" Egypt\'s first democratically-elected president vowed to protect his legitimacy with his life if necessary. Hours after the speech, violence broke out near Cairo University where supporters of the president had gathered earlier, leaving 16 dead and at least 200 injured. But buyers made a comeback as the session progressed, \"and especially after the armed forces announcement of its meeting with the different political factions\" shortly before the end of the session, explained Mourad. By session\'s end, total turnover was recorded at LE454 million. Egyptian investors were the net buyers, to the tune of LE55.4 million. Blue chip Commercial International Bank fell 2.31 percent, Orascom Telecom slid 0.48 percent and TMG Holding lost 1.17 percent. However, the EGX 30 was buoyed by Orascom Construction Industries, Egypt\'s largest listed company, which gained 0.75 percent, as well as real estate heavyweight Palm Hills Development, which rose 3.98 percent, and Six of October for Development & Investment, up 5.11 percent. The EGX 70 index, on the other hand, closed in the green, up by 1.44 percent. Source: english.ahram.org

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 egypt stock losses slow on hope of militarybrokered solution Arab Today, arab today egypt stock losses slow on hope of militarybrokered solution

 



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 egypt stock losses slow on hope of militarybrokered solution Arab Today, arab today egypt stock losses slow on hope of militarybrokered solution

 



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 Airbus CEO says won't cling to job

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job
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 'Final phase' of battle for Raqa

GMT 03:47 2017 Monday ,16 October

'Final phase' of battle for Raqa
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms
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 Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Norway seeks 'Tesla tax' on electric cars

GMT 08:17 2017 Friday ,13 October

Norway seeks 'Tesla tax' on electric cars
Arab Today, arab today Safaa Sultan happy for “Love School”

GMT 10:55 2017 Thursday ,12 October

Safaa Sultan happy for “Love School”
Arab Today, arab today Conservation cutbacks put Brazil's

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:19 2017 Wednesday ,11 October

Bosy reveals behind her participation in festival

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 10:20 2017 Thursday ,12 October

Chad extends key conservation area

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:25 2017 Saturday ,14 October

Squeeze on UK health gives advanced

GMT 07:16 2017 Friday ,13 October

Lufthansa to swallow lion's share

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

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