CAIRO: Egyptian stock indexes gained slightly during mid-session dealings Monday after a sharp drop in morning trading after 24 people were killed in clashes in Cairo Sunday night. The stock market regained 5 billion of 10 billion EGP (U.S. $847 million of 1.7 billion) due to Egyptian shareholders' purchases during the mid-session. During morning trading the stocks witnessed radical declined of 5 percent. Last night's deadly clashes in Cairo between the Egyptian army and demonstrators are blamed for the drop. EGX 30 declined by 2.5 percent comparing to the morning dealings when it was down 5 percent. EGX 20, EGX 70, and EGX 100 went down by 2.5 percent, 2.1 percent, and 2.3 percent respectively. Leading shares dropped, includes Citadel Group as it dropped by 3.5 percent; Orascom Construction decreased by 3.9 percent; International Commercial Bank by 0.92; Hermes by 3.8 percent; Ezz Steel by 3.6 percent; Giza General Constructing by 3.5 percent. During the morning dealings the main shares declined by more than 5 percent, so trading was stopped for 3 minutes.
