Egypt stocks slipping after 3-day revival

Egyptian stocks are slipping back into the red after three days of growth, down 0.95 per cent to 5,213 points at the halfway point of Monday trade.

The benchmark EGX30 surged 3.26 per cent on Sunday reacting to news of a cabinet reshuffle and a new minister of finance.

On 12 July the index plunged to a two-month low of 4,971 points on domestic turmoil and troubles in the international markets.