EGX Correction Deepens as 86% of Traded Stocks Fall

CAIRO — The Egyptian Exchange’s correction broadened sharply on Sunday, with nearly 86% of traded stocks declining and small- and mid-cap shares falling almost three times as much as the EGX30. Yet foreign institutional buying, a firmer pound and gains in the Treasury Bond Index suggest that stress remains concentrated in equities rather than spreading […]

The post EGX Correction Deepens as 86% of Traded Stocks Fall appeared first on The Middle East Observer.