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Egypt stocks drop following prosecutor attack

The attack raised fears about militant reach in the country and possible government crackdown.
30.06.15 | Source: Ahram Online

Egyptian stocks fell on Monday following a bomb attack that injured the country's Prosecutor General, Hisham Barakat.

Benchmark index, EGX30, dropped 1.65 percent to register 8,371 points.

Daily stock turnover was LE558 million.

Broader index, EGX70, fell 1.34 percent.

The prosecutor's convoy was hit near the military academy in Heliopolis.

Five members of the security forces and one civilian were also injured in the attack, according to a health ministry spokesman.

Non-Arab foreigners were net buyers during the session to the tune of LE81.8 million, while Egyptians, who contributed more than 66 percent of all trading, were net sellers to the tune of LE48.3 million.

Market bellwether, Commercial International Bank (CIB), fell 2.01 percent to LE56.65 per share.

Ezz Steel and real estate developer SODIC were the session's biggest decliners, falling 2.72 percent to LE8.5 per share and 2.65 percent to LE10.92 per share respectively.