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Profit-taking hits Egypt stocks, ending 4-day rally

dailystaregypt.com - CAIRO: Egypt's benchmark stock index sank over 4 percent on Monday as a bout of profit-taking in market heavyweights such as Orascom Telecom cut short a four-day rally ahead of a long Muslim holiday. Shares in the regional mobile operator shed 7.35 percent to last trade at LE 23.70 ($4.30). Orascom Construction Industries, Egypt's largest listed builder, lost 6.34 percent to LE 121.90. Overall, the benchmark CASE 30 index dropped 4.36 percent to 4,022.58 points while the rival Hermes index...» view full story
Story located in: africa » egypt
Submitted By: Lara
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