Egypt’s stocks lose 1% on appointment of new PM
Cairo - Arabstoday
Egyptian stocks lost 1 per cent in value to close at 4.819 points on Tuesday. The appointment of the long-awaited prime minister did not have a positive effect on the market, which began falling in early trading and continued on that trend all day. Out of 170 traded stocks, 47 gained in value, 97 lost and 26 remained unchanged. Turnover was high compared to the average at LE529 million. The broader index EGX70 lost 0.38 per cent. From ahramonline
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