Middle-east Arab News Opinion | Asharq Al-awsat

Egypt stocks down sharply on Israel spat - ASHARQ AL-AWSAT English Archive
Select Page

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.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

More Posts

Follow Me:
FacebookGoogle PlusYouTube