
A view from the Egyptian stock market in Cairo (Photo: Reuters)
Egypt stocks ended the week down on Thursday, with domestic investors bracing for planned Friday demonstrations by Islamist political forces to denounce political violence.
The main EGX30 index fell by 1.2 percent for the day to 4,625 points, due largely to net sales of some LE31.4 million by Egyptian investors.
Foreign investors, meanwhile, were net buyers for the day at some LE1.3 million.
Market bellwethers Commercial International Bank and Orascom Construction Industries both fell on Thursday by 1 and 1.8 percent respectively.
Orascom Telecom, for its part, declined by 2.8 percent after the company temporarily dropped plans to acquire a majority stake in Canadian telecom firm Wind.
Conversely, property shares Talaat Mostafa Group and SODIC both registered gains for the day, rising by 0.2 and 0.7 percent respectively.
The broader-based EGX70 index, meanwhile, shed 0.1 percent in a session that saw some LE344.2 million in turnover.
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