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Egypt's market slips on local, Arab selling

Locals and Arabs made net sell-offs worth LE62.5 million ($10.6 million) and LE7.8 million, according to Bourse data.
31.07.11 | Source: Egyptian Gazette

The country's benchmark index EGX 30 fell by 0.53 per cent, ending the week at 5,022.25 points. The broader indexes EGX 70 and EGX 100 rose by 0.72 and 0.12 per cent to 632.63 and 945.74 points respectively.
Volume totalled LE432 million ($72.6 million), according to Bourse data.
Egypt's heavyweight Commercial International Bank (CIB) gained 0.41 per cent to LE27.17 per share. EFG-Hermes, the country's biggest investment bank by market value, shed 0.78 per cent to LE19.14 per share.
Orascom Construction Industries plunged by 1.95 LE258.73 per share. Orascom Telecom, the biggest mobile operator in the Arab region, shed 1.03 per cent to LE3.86 per share.
Mobinil fell by 0.61 per cent to LE104.31 per share.

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