CAIRO: Egypt’s main index closed down 1.7 percent as investors remain worried by a foggy political future.
A weekend of protests against Israel and clashes with police continue to dampen appetite.
"Investors aren’t interested in investing anymore," said Ahmed Khalil, trader at Cairo Capital Securities.
Egyptian private equity firm Citadel Capital, one of the most traded stocks on Monday, closed down 3.6 percent. The firm said on Sunday it had completed a $70 million capital increase for its platform company Africa Railways.
Orascom Telecom shed 5 percent, while Orascom Construction slipped 3.4 percent and landline monopoly Telecom Egypt lost 1.8 percent.
"We need to develop our market to make it more attractive, we need more short selling, we need more tools," says Khalil.
