Market Update: Egypt stocks 1 pct down by Wednesday close

Ahram Online, Wednesday 16 May 2012

Egyptian stocks have slid further into the red, the benchmark EGX30 down 0.99 per cent at 4,955 points by the close of Wednesday's session.

The broader EGX70 slipped 0.54 per cent, in the market's third consecutive day of decline.
Market volume is over LE300 million (around $50m), with trading clustered around EFG-Hermes and Mobinil.
A more detailed market report will follow shortly
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