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The main index EGX30 was up 1 per cent at 5.756, its highest mark since Egypt's revolution began in January 2011. Egyptian protesters took down the American flag from the walls of the US embassy in Cairo during a thousands-strong demonstration held to condemn a short film produced by California-based American-Israeli Sam Bacile, which critics say demeans Islam and the Prophet Mohammed.
Reuters reported that the US ambassador to Libya, Christopher Stevens, along with three other embassy staff, were killed Tuesday night following a rocket attack in Benghazi. The broader index EGX70 was up 0.4 per cent during the morning session, which had a high daily turnover of LE595.2 million. Foreign investors are currently net-buyers, while Egyptian and Arab investors are net-sellers. "If the market sees a fall, of course it will be due to what's happening in Egypt and region," Ashraf Abdel-Aziz, head of institutional sales at Arabeya online securities, told Ahram Online.
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