Stock market indexes show mixed performance

The Egyptian stock market indexes varied in their performance on Sunday, as the benchmark EGX30 Index declined by 0.66 percent, to 5317 points, and the broader EGX70 index inched upwards by 0.76 percent, reaching 428.44 points. The EGX100 index declined by 0.19 percent, closing at 731.2 points.

Foreign investors tended to sell while Arabs and Egyptians tended to purchase stocks. The market capital lost some LE700 million.

The EGX30 index dropped due to the decline of the stocks of Orascom Construction Industries by 4.77 percent, with stocks arriving at a value of LE240.4, according to market experts.

Meanwhile, Ahmed Khaled, an analyst, said the stock market suffered losses due to the bloody incidents that broke out in Nasr City over the weekend.

He called on investors to keep their stocks and avoid random selling, which he said would cause huge losses for them.

Edited translation from Al-Masry Al-Youm