Mideast Stocks: Egyptian stocks slump on worries of more protests | ZAWYA MENA Edition:
Egypt stock markets extended their decline on Tuesday as foreign investors sold equities on fears of more protests after several of them broke out in Egyptian cities over the weekend.
Authorities rounded up more than 400 people in response to an outbreak of protests against President Abdel Fattah al-Sisi and security forces stepped up their presence in central Cairo, human rights monitors said on Monday.
The blue-chip stock index plunged 4.2%, its lowest since January, with 26 out of 30 stocks on the index seeing a fall. The country's blue-chip index has lost 10.7% so far this week, leaving it with a meagre 1% gain so far this year.
The broader stock index EGX 100 declined 3%, the most since March 2017.
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