Egyptian stocks are seeing the week's first losses, the benchmark EGX30 trading down 1.11 per cent at 5,043 points nearly two hours into Tuesday's session. The main index surged 4.9 per cent on Monday on news that France Telecom is set to buy out most of Egyptian tycoon Naguib Sawiris' stake in their jointly owned telecom operator Mobinil. Market turnover is currently over LE428.8 million midway through Tuesday.