Egypt stock market falls to 2-year low

Egypt’s main stock index falls to its lowest level in almost two years.

The market, known as EGX 30, closes at 6784.09 on Sunday, the start of the trading week, falling to its lowest level since December 2013.

The 5.43-percent drop comes after a steady fall last week, and as other Middle Eastern markets also tumble, and it follows an overall global slowdown. Dubai’s stock market closes nearly 7% lower after a further slide in oil prices, and Israel’s closes some 4% down on key Tel Aviv Stock Exchange indices.

— AP

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