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Egypt Market Watch | June 10th 2015: Egyptian equity markets nose-dive by EGP 1.2 billion
Cairo, Egypt (Capital Markets in Africa):- The Egyptian Exchange (EGX) indices nose-dive, with the market capitalisation giving away nearly EGP 1.2 billion to close at EGP 490.888 billion (against EGP 492.076 billion recorded yesterday), pressured by sell-offs among foreign investors and Egyptian institutional investors despite MSCI decision to keep Egyptian equities in its emerging markets index and Central bank coverage of 50% of the dollar backlog owed to foreign investors. The benchmark index EGX30 plunged by 0.25…
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