{
  "$type": "site.standard.document",
  "bskyPostRef": {
    "cid": "bafyreigvrlsf52n3zzekct7mfmna4qour4qik6sqglzwd34gaionvilgju",
    "uri": "at://did:plc:kjur4vuovl5cnpgzydsduib4/app.bsky.feed.post/3mm5g26quevs2"
  },
  "coverImage": {
    "$type": "blob",
    "ref": {
      "$link": "bafkreia4hrrfv7q6rtspatjcwhtsxruttjl4hhqprwyymsco3gvwgc7boa"
    },
    "mimeType": "image/png",
    "size": 1404513
  },
  "path": "/business-economix/market-updates-finance/2026/05/18/egx-opens-week-sharply-lower-as-profit-taking-deepens/",
  "publishedAt": "2026-05-18T12:26:45.000Z",
  "site": "https://meobserver.org",
  "tags": [
    "Market Updates & Finance",
    "Cairo bourse",
    "EGX",
    "EGX100",
    "EGX30",
    "EGX70",
    "Egypt",
    "Egypt business news",
    "Egypt stock market",
    "Egyptian Exchange",
    "Foreign investors Egypt",
    "GB Corp",
    "oil prices",
    "Strait of Hormuz",
    "The Middle East Observer.",
    "US-Iran tensions",
    "EGX opens week sharply lower as profit-taking deepens",
    "The Middle East Observer"
  ],
  "textContent": "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 […]\n\nThe post EGX opens week sharply lower as profit-taking deepens appeared first on The Middle East Observer.",
  "title": "EGX opens week sharply lower as profit-taking deepens"
}