Egypt's Stock Market Dips Amid Heavy Selling

The benchmark index EGX 30 slipped by 2.36 percent, while the index for small and medium enterprises EGX 70 and the broader EGX 100 also fell, by 1.8 and 1.4 percent, respectively.

At the beggining of trading, EGX 30 inched up from 6,607 points, peaking to 6,642 points, in the first 15 minutes of the session. Afterwards it made a steady drop until the end of the session, settling at 6,451 points.

Today's retreat comes amid heavy selling by Egyptian and foreign financial institutions, while Arab traders made net purchases.