For the third day in a row, Egypt's main index slipped on Sunday , traders said. Locals and Arabs made net sell-offs worth LE17.8 million ($3.1 million) and LE3.3 million respectively. Non-Arabs made net purchases worth LE21.4 million, according to the Egyptian Exchange. The North African country's benchmark index EGX 30 shed 0.25 per cent to 6,887.37 points. The EGX 70, which measures 70 of the country's small and mid caps, was flat at 738.99 points. Volume hit LE760 million, according to the Egyptian Exchange. Real-estate developer Amer Group Holding fell by 0.74 per cent to LE2.69 per share. Commercial International Bank (CIB) added 0.65 per cent to LE46.28 per share. Orascom Telecom, the largest Arab mobile operator by subscribers, shed 0.92 per cent to LE4.3 per share. On Friday, the US S&P clung to a two-year high as investors predicted a pause as volumes are expected to dry up in the days ahead, and after a five per cent gain already so far in December, according to Reuters. The Dow Jones industrial average .DJI dropped 7.34 points, or 0.06 percent, to 11,491.91. The Standard & Poor's 500 Index gained 1.03 points, or 0.08 percent, to 1,243.90. The Nasdaq Composite Index rose 5.66 points, or 0.21 per cent, to 2,642.97. While traders and investors were already nervous after the S&P 500 rallied over 5 per cent so far this month, old concerns over European debt also resurfaced, with Moody's downgrade of Ireland's ratings hitting European bank shares in US trade.
