Egyptian stocks fell on Wednesday morning with the main EGX30 index dipping 2.6 percent to 5,083 points.

Foreign investors, who represent around 39 percent of the market are tending to sell, which is negatively impacting trading, market expert Mostafa Badra told Ahram Online.

“Political instability and fears of tensions between Egypt and Ethiopia sparked by the Blue Nile dam controversy are prompting foreign investors to sell,” Badra elaborated.

The broader index EGX70 also fell 1.9 percent.

More than 165 shares are currently listed, with 140 recording losses at noon.