EGX opens week sharply lower as profit-taking deepens

Cairo — Egypt’s stock market began trading on Sunday, 17 May 2026 on a sharply weaker note, extending the corrective phase that has followed the market’s rally to multi-year highs earlier this month, as broad-based selling weighed across both blue-chip and smaller-cap shares. The benchmark EGX30 fell 1.49% to 52,364.34 points, according to data from […] The post EGX opens week sharply lower as profit-taking deepens appeared first on The Middle East Observer.