Egyptian stocks (EGPT -0.5%) touched 5-month lows Wednesday as dwindling foreign exchange...

|By:, SA News Editor

Egyptian stocks (EGPT -0.5%) touched 5-month lows Wednesday as dwindling foreign exchange reserves have caused the dollar to shoot higher against the Egyptian pound on the black market. The benchmark EGX 30 index dipped 2.2% and closed below the psychologically important 5,000 level. (Previously: Egypt, IMF discuss loan)