Sunday 25 June 2023

Egypt underperforms Middle Eastern bourses; #Oman gains | Reuters

Egypt underperforms Middle Eastern bourses; #Oman gains | Reuters


Most stock markets in the Middle East ended lower on Sunday ahead of Eid-Al-Adha, with the Egyptian bourse underperforming the region.

The benchmark index (.EGX30) was down 2.4% while the Omani market (.MSX30) bucked the trend to finish with a 0.3% gain.

Many investors prefer to cash in holdings ahead of the Eid holiday, which lasts for a week in Saudi Arabia, Qatar and at least three days in other Gulf countries.

** Qatar and Saudi were closed

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