Egypt's benchmark index pauses after a four-day rally that pushed it to a 24-week high, with investors taking advantage of high prices to unload some of their shares, traders say. The index inches down 0.3 percent to 5,308 points.
On Wednesday, the market closed at its highest since March 11 on continued optimism that the country's political situation was stabilising and international donors such as the IMF and Gulf countries were lining up to help its economy.
"There was profit taking soon after the beginning of the session, and there will probably be another fall tomorrow before shares start rising again next week," says Hisham Metwalli of Arab Finance Brokerage.
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