(2 Apr 2015) LEAD-IN:
The Egyptian market has finished the final session of the week lower.
Traders say unrest in the region and lower oil prices have had a negative impact.
STORY-LINE:
The EGX 30, the benchmark index for the Egyptian stock market, opened at 9099 points this morning.
And it closed the day at 8,963 points, a loss of more than 1.50 percent.
Dealers say the volatility all this week is due to unrest in the region and a dip in oil prices which have impacted on the market.
Dealer Nagla Farrag says today's activity is reflective of the current situation in the Middle East.
"The EGX 30, the benchmark index, lost 50 points at the beginning of the trading day and we will see by the end of today's trading but in general we had predicted a comeback from losses today but there are no any incentives to the investors yet due to the current security and political situation in the region which is reflected on the appetite of the investors"
The benchmark index has gone down to its lowest level in four months, says dealer Hannan Ramses.
"The main benchmark index has reached its lowest level since four months - 9.058 points now the value of stocks have become so cheap."
Find out more about AP Archive: [ Ссылка ]
Twitter: [ Ссылка ]
Facebook: [ Ссылка ]
Instagram: [ Ссылка ]
You can license this story through AP Archive: [ Ссылка ]
