Monday 23 September 2019

MIDEAST STOCKS-Egypt extends losses amid uncertainty over protests - Reuters

MIDEAST STOCKS-Egypt extends losses amid uncertainty over protests - Reuters:

Egyptian stocks closed lower on Monday,
stretching last session's sharp fall following protests which
broke out in several Egyptian cities over the weekend.

On Friday, hundreds of people rallied in central Cairo and
several other Egyptian cities against President Abdel Fattah
al-Sisi, responding to an online call for a demonstration
against government corruption.

Egyptian authorities have detained at least 373 people as
they try to quash the rare outbreak of protest, rights monitors
said on Monday.

The blue-chip stock index fell 1.5% with Commercial
International Bank declining 3.5% and Talaat Mostafa
Holding plunging 7.6%.

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