Stock market loses LE800 million, down 0.44 percent

The Egyptian Stock Exchange has declined after another fraught day's trading at close on Monday.
The benchmark EGX 30 index, which tracks the performance of the exchange's top 30 companies, went down by 0.44 percent to reach 5448.99 points.
EGX 70, which tracks the performance of small and medium-sized shares, went up 0.38 percent to reach 454.10 points, while the wider EGX100 index increased by 0.39 percent to 767.90 points. 
Market capitalization of shares of listed companies lost about LE800 million, recording LE 362.3 billion, after medium transactions that amounted to LE 433.7 million.
Brokers said the transactions were affected by investor fears after supporters of ousted President Mohamed Morsy declared their intention to hold massive protests on 30 August.
Mohamed Maaty, head of the research department at Watheeqa Securities Brokerage Co., said the declines recorded by some stocks on Monday, especially among large corporations, is normal and should not raise raise concerns after increases over past sessions. 
Edited translation from Al-Masry Al-Youm

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