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Egyptian Stocks Fall 1.6% Following Terrorist Attacks | ASHARQ AL-AWSAT English Archive 2005 -2017
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Central Bank of Egypt’s headquarters is seen in downtown Cairo, Egypt March 8, 2016. REUTERS/Mohamed Abd El Ghany

Cairo- The Egyptian index closed 1.55 percent lower due to purchase pressures by individual Egyptian investors, reaching 12895.12 points after a panic status that ensued from two terrorist attacks that targeted two Coptic churches.

The market capital closed at EGP 657.416 million after losses worth EGP7 billion. Total trading reached EGP872 million (USD48 million) on Sunday, not including deals and bonds.

Around 46 people were killed and dozens injured in two blasts in Coptic churches. The first blast happened in Mar Girgis church in Tanta, killing around 30 and injuring more than 70, and the second occurred in Alexandria’s St. Mark’s Cathedral, killing 11 and wounding more than 30.

The two blasts coincided with the Christians’ celebration of Palm Sunday.

Egyptian President Abdel Fattah el-Sisi has called on the National Defense Council to convene as soon as possible.

Egypt is witnessing a series of terrorist attacks since 2013.