EGX Ends Week Lower as Stamp Duty and Currency Pressure Test Market Rally

Foreign institutions bought into Thursday’s decline, but domestic profit-taking and broad weakness across property, telecoms and construction pulled every major index lower CAIRO — Egyptian equities ended the week under broad selling pressure on Thursday as domestic investors took profits, the pound weakened against the dollar and the market began adjusting to the reinstatement of [...] The post EGX Ends Week Lower as Stamp Duty and Currency Pressure Test Market Rally appeared first on The Middle East Observer .