Egypt stocks dip in midday trading on Wednesday

Ahram Online, Wednesday 22 Aug 2012

Egypt’s stocks dip in mid-Wednesday’s trading coinciding with the meeting between International Monetary Fund’s delegation and President Mohamed Morsi.

The benchmark EGX30 declined 0.4 per cent recording 5,154.66 points as Egypt officially requests $4.8 billion loan from the IMF.

The broader index slightly rose by 0.3 per cent.

Of around 155 stocks currently active, more than 80 are seeing gains.

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