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Stock indexes not affected by protests: stock market head

The stock performance on Tuesday was not affected by political movements' calls for demonstrations in front of the Cairo Stock Exchange, said the head of Egyptian Stock Exchange Mohamed Omran, referring to the Muslim Brotherhood. 
 
"Stock indexes are achieving strong gains, completely ignoring such invitations," he added. "The stock market headquarters is completely protected both from both the inside and the outside."
 
Forces from both the armed forces and police, in addition to the stock market security, strengthened security measures in front of the building on Tuesday morning. No protests have arrived to the area so far.
 
The "youth against the coup" movement called for a demonstration in front of the stock exchange headquarters in Cairo in protest at what it described as "illegal actions" against the Muslim Brotherhood, including judicial prosecution and the freezing of Brotherhood assets.
 
On the other hand, a leading member of the Muslim Brotherhood denied any official call from the Brotherhood or its Freedom and Justice Party to organize such demos.
 
The stock indexes rose in early trading on Tuesday, supported by purchases by Egyptian and Arab investors .
 
Edited translation from MENA
 

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