Stock indices fall seventh day
The Egyptian stock market continued its decline for the seventh consecutive day, with the main index (EGX 30) dropping by 1.06% to close at 52,468 points, amid a decline in small, medium, and large-cap stocks. Egyptian and foreign investors recorded net purchases worth 306 million and 464.1 million pounds, respectively, while Arab investors experienced net selling totaling 140.2 million pounds. Some stocks rose, such as Taicon Investments Holdings by 7.58% and El Nasr for Civil Works by 5.79%, but most shares declined, with the most significant decreases seen in Cressmark by 17.24% and Orascom Investment by 7.07%. Overall, the market continues to fall, recording total losses of 254 billion pounds over seven sessions.
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