CAIRO/DUBAI: Egypt's market looks set to be buffeted again next week by the political turbulence that weighed on the benchmark index, pushing it down more than 7 percent in the first three days of this week.
Egypt's benchmark EGX 30 index ended (...)
CAIRO/DUBAI: Egypt's bourse fell on Monday as investors locked in gains at the end of a financial year, encouraged by a bearish economic outlook, and Oman's index fell to a four-week low.
"Ninety percent of this drop is profit taking by retail (...)
DUBAI/CAIRO: Egypt's index fell 1 percent on Wednesday as concern that stock prices had risen too far given an uncertain economic outlook outweighed Citadel Capital's announcement of takeover talks.
"In the short term, the market is news and (...)
CAIRO/DUBAI: Sectarian violence in Egypt weighed on its index on Sunday while most Gulf Arab markets fell in response to a sharp drop in oil prices.
Saudi Arabia, the world's largest crude exporter, bucked the trend as bargain hunters stepped in (...)