CAIRO, (AP) — Egypt’s stock market has fallen by more than 3 percent as the country’s diplomatic tussle with neighboring Israel over the death of several Egyptian soldiers weighed on investor sentiment.
The benchmark EGX30 index closed 3.15 percent lower on Sunday, at 4,597 points.
Sunday’s trading session offered investors their first chance to react to the fallout between Egypt and Israel after three Egyptian security forces were killed as Israeli troops pursued militants behind Thursday’s coordinated attacks in southern Israel.
Egypt had initially threatened to withdraw its ambassador, but relented after Israel apologized. Protests, however, have continued outside Israel’s embassy in Cairo.