Wednesday, July 11, 2007

Egyptian shares drop on profit-taking, OCI down

(Reuters) - Egypt's main indexes dipped on Wednesday after scoring fresh closing highs for three consecutive sessions, led by profit-taking in heavyweight Orascom Construction Industries, traders said.

"Despite good news coming on OCI's new airport deals, people chose to offload the stock among other market leaders. They got worried that the market reached the ceiling of the its rally," said Sarah Tolba of Delta Securities.


Read more at Reuters Africa

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