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المصري اليوم
Impact of Egypt's stock rating downgrade on foreign and Arab liquidity
S&P Dow Jones proposed downgrading the Egyptian stock exchange from an emerging markets classification to a frontier markets one, leading to a decrease in liquidity among foreign and Arab investors over the week. Foreign investors recorded a net sell of 1.31 billion Egyptian pounds, while Arab investors had a net sell of 44.2 million pounds. Nonetheless, the market indicators closed with mixed results, with the EGX 70 index rising by 5.45% and the EGX 100 index increasing by 4.3%.
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