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Market Update: Profit taking sends Bourse to the red early Thursday
Ahram Online Published in Ahram Online on 12 - 01 - 2012

Egypt stocks opened trading on Thursday in the red, with main benchmark EGX30 slipping 0.36 per cent almost an hour into the four hour session.
The broader index, EGX70, also slipped 0.44 per cent.
The market had made proper gains over the past 4 sessions on back of relative political stability and the end of Egypt's holiday season. On Wednesday, the EGX30 reached a three week high of 3,766 points. Today's drop is seen as a usual profit taking slip induced by short-term traders.

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