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Egypt Market Watch | May 12th 2015: Egyptian equities shed off about EGP 1.4 billion
Cairo, Egypt (Capital Markets in Africa):- The Egyptian Exchange (EGX) indices ended Tuesday’s trading on southward, due to uncertainty on the government decision on the controversial capital gains tax and pressured by institutional sell-offs. The Egyptian equity market capitalisation shed off about EGP 1.4 billion to settle at EGP 497.8 billion. Likewise, the benchmark index EGX30 fell 0.20%, or 17.51 points to close at 8674.34 points. Also, the small and mid-cap index declined by 0.91% to…
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