CAIRO: Egypt's stocks dropped by 5 percent during the morning sessions on Monday October 10 due to clashes triggered Sunday October 9 between Egyptian Coptic Christians and military forces outside the Radio and Television Headquarters Maspiro, in which 24 died at least and 272 were injured. However, dealings will not stop, chairman of the Egyptian Stock Exchange, Mohammad Omran told Reuters. Some of Egyptian shareholders called to stop stock dealings until the decisions of Egypt's ruling military council and Egyptian Prime Minister Essam Sharaf are issued. Egyptian main indexes EGX30 and EGX20 declined by 5.17 percent and 4.99 percent respectively. Meanwhile, EGX70 index declined by 2.49 percent and EGX100 declined by 3.13 percent. Egypt stock declined by 5 percent, at a record of 10 billion EGP (U.S. $ 1.68 billion).
