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Egyptian Stocks Drop on Missing Airliner; Mideast Markets Slump
CAIRO, Egypt, Capital Markets in Africa: Egyptian stocks declined after the nation’s flagship airline said one of its passenger planes went missing on the way back to Cairo from Paris. Most equities dropped across the Middle East as oil retreated. The EGX 30 Index fell 1.8 percent to 7,499.49 at the close. About 538 million Egyptian pounds ($61 million) of shares traded, 21 percent less than the market’s full day average over the past three months. Qatar’s QE Index lost…
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