Following a car bomb attack that assassinated the Egyptian Prosecutor General, Hisham Barakat, on his convoy while was leaving his home last Monday morning near the military academy in Heliopolis, the Egyptian stocks fell down as the Benchmark index, EGX30, dropped 1.65 per cent to register 8,371 points. The daily stock turnover was LE558 million, and the Broader index, EGX70, fell 1.34 per cent.
It was remarkable that the Non-Arab foreigners were net buyers during the session to the tune of LE81.8 million, while Egyptians, who contributed more than 66 per cent of all trading, were net sellers to the tune of LE48.3 million.
Market bellwether, Commercial International Bank (CIB), fell 2.01 per cent to LE56.65 per share.
Ezz Steel and real estate developer SODIC were the session’s biggest decliners, falling 2.72 per cent to LE8.5 per share and 2.65 per cent to LE10.92 per share respectively.