EGX Sell-Off Deepens as Debt Outflows Pressure Pound

Egyptian equities extended their correction sharply on Monday as selling broadened across the market, while a separate $419mn exit from government Treasury bills pushed additional pressure through the currency market. The distinction is critical: foreign investors were modest net buyers of Egyptian shares, but sizable sellers of sovereign debt — turning Monday into a cross-asset […]

The post EGX Sell-Off Deepens as Debt Outflows Pressure Pound appeared first on The Middle East Observer.