Sunday 22 September 2019

MIDEAST STOCKS-Protests drag down Egyptian indexes to multi-year lows - Agricultural Commodities - Reuters

MIDEAST STOCKS-Protests drag down Egyptian indexes to multi-year lows - Agricultural Commodities - Reuters:

Egypt's stock indexes EGX 30
and EGX 100 plunged to multi-year intraday lows on
Sunday after protests broke out in Egyptian cities over the
weekend.

The blue-chip index dropped 5.3% in its biggest single-day
fall since mid-2016 as all its stocks slipped into the red.

Commercial International Bank dropped 4.2% and
Eastern Co was down 5.7%.

The broader index EGX 100 slumped 5.7%, the most since
November 2012, with 95 of 100 stocks dropping, causing trading
to be suspended due to a 5% swing for the first time since 2016.

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