Egypt main stock index the EGX30 declined 1.05 per cent at the opening of Wednesday's session in a reaction to ongoing violent clashes between security forces and protesters on Tahrir Square. It slipped further to 1.16 per cent at 12:00.
"We expected blue chip companies, which were doing well yesterday, to decline today based on selling data. When the clashes happened, we became sure this would be the result," Ashraf Abdul Aziz, head of institutions sales at Arabia Online Securities, told Ahram Online.
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