[ad_1]
<div id = "firstBodyDiv" data-bind-html-content-type = "article" data-bind-html-compile = "article.body" data-first-article-body = "
At 10:28 GMT, he withdrew Egyptian index The main 0.68 percent at 14,243.3 points, shares fell "Ezz Steel" 5.8 percent and "Palm Hills" 4.1% and "Porto Group" 4.4% and "Pioneers "And" Swedish "2.5% and the castle 3.2%.
Hassan Qenawi, executive director at "HC" Securities "Investors sold on the stock market L & # 39; Egypt Once they have found an opportunity to make gains, the effects will be slightly mitigated and everyone will start looking at markets and equities in financial terms, which will be positive for the market. "
Saw Egypt Stock Exchange An upward movement in the first three weeks of this month, supported by the success of the Fawry IPO and a decline L & # 39; inflation At the lowest level in four years.
Radwa Al-Swaifi, head of research at Pharos Investment Bank, said "Investors had to reap their profits in the last short period."
It continued "We will see buying opportunities in the market and new investors as soon as new incentives such as new proposals or better inflation indicators appear."
Analysts expect Reuters to rise in the market Saturday during the week, due to the decision to reduce interest rates, but the desire of investors to take profits Commercial War Sino-US global stocks plummeted on Friday stronger than analysts expected.
The central bank's monetary policy committee on Thursday decided to reduce the 24-hour deposit rate from 15.75 percent to 14.25 percent and the 24-hour loan rate from 15.75 percent to 16.25 percent.
And fell US stocks The European Union Friday after a further escalation of the trade war between the United States and China, President Donald Trump having asked US companies to look for alternatives to their activities in China after the US Beijing announces retaliatory tariffs on US products.
">
At 10.28 GMT, the main Egyptian index was down 0.68% to 14 243.3 points, down 5.8% for Ezz Steel, 4.1% for Palm Hills, 4.4% for the Porto group, 2.5% for Pioneer and Swede. The castle is 3.2%.
"Investors sold EGX as soon as they found a chance to make gains," said Hassan Kenawy, chief executive of HC Securities.
The Egyptian stock market has been bullish in the first three weeks of this month, supported by the success of the immediate launch of the company and by the drop in inflation in the country to the lowest level in four years.
"Investors had to reap the profits that they had made over the last short period," said Radwa El-Sewify, head of research at Pharos Investment Bank.
"We will see buying opportunities in the market and the entry of new investors as soon as new incentives such as new proposals or better inflation indicators appear."
Analysts were expecting Reuters to rise Saturday during the week on the decision to cut interest rates, but investors' appetite for profits and concern about the trade war between China and the United States and the collapse of Friday's global equities were all stronger than expected.
The central bank's monetary policy committee on Thursday decided to reduce the 24-hour deposit rate from 15.75 percent to 14.25 percent and the 24-hour loan rate from 15.75 percent to 16.25 percent.
US and European stocks fell on Friday after another escalation of the trade war between the two countries. President Donald Trump has asked US companies to find an alternative to their operations in China after Beijing's announcement of retaliatory tariffs on US products.
