The Egyptian stock market lost more than 7.02 billion EGP (U.S. $11.8 million) during today's session. The total losses of the current week reached 22 billion EGP (U.S. $3.7 billion) due to the foreign and Arab investors exiting from the stock market. Beside the influence of the businessmen trials such as Rashid and Ezz, who were sentenced for 10 years in prison and that's why stocks collapsed. Ezz was fined by a large sum of money and his stocks declined at the rate of 5 percent. Stock market main index EGX30 closed the week transactions with 4367 points, small and medium companies' index EGX70 declined at the rate of 2.6 percent, and the broadest index EGX100 witnessed a decline at the rate of 2.3 percent. Egyptian investors acquired 56.32 percent of today's transactions and achieved net purchase estimated at 70.3 million EGP (U.S. $11.8 million), whereas foreigner and Arab investors acquired 36.22 percent of the transactions and achieved net sale estimated at 69.11 million EGP (U.S. $11.6 million).
