Cairo’s share prices slip in quiet trading

Share prices fell yesterday for the first time in four days in quiet trading which focused on the always-popular banking and cement sector.

The Capital Market Authority (CMA) all-share index closed 1.89 points lower at 349.86 points. Turnover was an average LE 50.4 million (14.8 million US dollars), and only three stocks made up about a third of that total.

Last week, the market seemed to be perking up after falling to a five month low in June, and despite yesterday’s slippage, brokers said the market was stable and prices are not following a downtrend.

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