Wednesday 13 January 2016

MIDEAST STOCKS-Egypt hits 25-mth low as foreign traders exit; other mkts weak | Reuters

MIDEAST STOCKS-Egypt hits 25-mth low as foreign traders exit; other mkts weak | Reuters:

"Egypt's index made its largest decline in two months to slump to a 25-month low on Wednesday as foreign funds sold stocks, while most Middle East bourses also fell after giving back early-session gains.

Cairo's benchmark dropped 4.0 percent to 6,205 points with all 29 traded stocks down more than 1 percent.

The index is down 11.4 percent this year and its close was its lowest since late 2013."



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