MIDEAST STOCKS-Egypt hit by sell-off of blue chips, financials lift Qatar | Reuters:
Egypt's index fell sharply on Monday, pulled down by its blue-chip shares, while Qatar's index was lifted by its financial stocks.
The Egyptian blue-chip index dropped 1.2 percent, with 26 of its 30 stocks declining. Egyptians were the net sellers of stocks during the session and non-Arab foreigners were the net buyers, according to data on the exchange website.
Egyptian Chemical Industries lost 5 percent and Palm Hills Development declined 4.6 percent. The former said it expects to post profit of 296.8 million Egyptian pounds ($17.21 million)on sales of 3.63 billion Egyptian pounds for the full-year 2019-2020.
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