Egypt's stock market ends week of political turmoil

Egypt's Stock Exchange ended week trading on a negative note over amid fears of re-emerging political turmoil and street protests. Indices nose-dived over the week to lose more than 14.5 billion Egyptian Pounds in market value to reach 373.2 billion. The major Egyptian Exchange (EGX) 30 index dropped 3.94 percent to 5439 points, while the small and medium size index (EGX 70) lost 6.88 percent to end the week at 481 points. The EGX 100 index also decreased by 5.79 percent of value to close at 807points. Total value of trading jumped to 3.9 billion pounds compared with 1.9 billion pounds in the past week.