Mideast Stocks: Egypt slides on blue-chip sell-off, Most Gulf markets gain | ZAWYA MENA Edition

Mideast Stocks: Egypt slides on blue-chip sell-off, Most Gulf markets gain | ZAWYA MENA Edition:

The Egyptian index fell sharply on Wednesday, pressured by its banks amid weak global sentiment, while most major Gulf markets rose marginally.

Egypt's blue-chip index  dropped 1.3 percent, with 23 of thirty stocks declining.

The country's largest lender Commercial International Bank fell 2.8 percent and Ezz Steel dropped 3.5 percent.