Egypt stocks continued its downturn Monday morning as President Mohamed Morsi declares a state of emergency in Port Said, Suez and Ismailia in the wake of deadly clashes that egulfed the country in the past 72 hours.
The main EGX 30 index declined by 0.46 per cent to sit at 5,661 points an hour into the session. The broader-based EGX 70 also dropped, by 0.87 per cent. Market experts expect further losses throughout the day.
Market turnover marks a weak LE62 million so far, with 63 registering losses and only 28 gaining.
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