Egypt's main benchmark tumbled to a three-week low after the chairman of Citadel Capital (CCAP.CA: Quote) was banned from leaving the country, while Kuwait's benchmark fell after the death of the Kharafi Group's chairman.
In a statement released after the close of trade on Thursday, Egypt's public prosecutor ordered that Citadel Chairman Ahmed Heikal be banned from travel pending a probe into corruption allegations. [ID:nLDE73D1Y7]
Egypt's index .EGX30 lost 3.4 percent, also weighed by EFG-Hermes, after Sherif Cararah, a board member and head of brokerage, resigned. [ID:nWEB4823] The bank fell 4.5 percent.
No comments:
Post a Comment