Thursday, July 12, 2007

Egyptian shares edge down on profit taking

(Reuters) - Egypt's two main indexes dipped on Thursday for the second consecutive session as investors harvested the week's earlier gains in blue-chips led by Orascom Construction Industries, traders said.

"Investors were tempted to collect their money after the record highs witnessed by the market lately. On top of the list of this profit taking wave came Orascom Construction, which led the market up before and now took it down," said Mohamed Choukri of Trust Group for Securities.


Read more at Reuters Africa

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