The Egyptian Stock Exchange continued its losses, as its index lost 11% in two days and the foreign investors tended to sell. The Case 30 index closed with a 6% decline, losing 241 points and nearing its lowest level of last November. The Egyptian investors' purchases failed to stop the losses, and the red screen was on as 162 securities went down and only 11 went up. Chairman of the Stock Exchange Maged Shawki told Al-Masry Al-Youm that the decline is normal in light of the global financial crisis, despite optimism that President Barack Obama came to office. He said the global market is waiting for the reform plans of the new U.S. administration. Meanwhile, the Saudi Stock Exchange dropped by 2%, Kuwait 1.5%, Dubai 5.5%, Doha 8.5% and the FTSEurofirst 300 1%.
