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Friday, 3 July 2015

MIDEAST STOCKS-Egypt slides on security fears; Gulf mixed | Reuters

MIDEAST STOCKS-Egypt slides on security fears; Gulf mixed | Reuters:



"Egyptian stocks fell on Thursday because of security worries after bloody clashes with militants in Sinai. Gulf markets were mixed as the Greek debt crisis and soft oil prices were offset by the bargain hunting of local retail investors on dips. 




Reopening after a two-day holiday, Egypt's share market dropped 0.7 percent to 8,315 points. It has been falling for a month, heading for a test of technical support at its May low of 8,261 points.



The army said on Wednesday that more than 100 militants and 17 soldiers were killed after simultaneous assaults on military checkpoints in North Sinai. Islamic State claimed responsibility for the attacks."



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