CAIRO: Egypt's stocks were slashed by 5 percent and so stopped dealing for 30 minutes on Wednesday. This sharp decline pushed by the Egyptian shareholders' sell-off at the beginning of the dealings. Egypt's stock market witnessed notable losses during Wednesday's morning session due to the increasing sale processes of Egyptian investors. Although Arab and foreign investors held increasing sales, the loss of Egypt's stock market continued. The main index of Egypt's stock market EGX30 declined by 1.4 percent, while the index of the small and medium enterprises EGX70 dropped by 2.6 percent and the index EGX100 declined by 2.1 percent. Many company shares witnessed notable losses such as Pioneers by 5.7 percent, Ezz Steel by 2.8 percent, Orascom Telecom by 2.6 percent, Telecom Egypt by 2.2 percent, Mobinil by 1.4 percent, Orascom Construction Industries by 2.4 percent, Palm Hills by 3.7 percent and Tallat Mustafa by 1.6 percent. Arabic here
