Shares in Egypt extended losses on Wednesday on investment safety concerns after a court declared London-listed Centamin's gold mine deal invalid, while UAE's Dana Gas tumbled on missing its sukuk repayment.
Cairo's index dropped 1.3 percent lower but is still hovering in a broad range between about 5,600 and 6,000
that has held since mid-September.
"Everyone is really worried about what is happening to investment in Egypt in general," said Ashraf Akhnoukh at CIBC brokerage. He said many investors see the Centamin news as a prompt to book profits.
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