By: Heba El-Kordy
Cairo – Mubasher: The Egyptian Exchange’s (EGX) heavyweight Commercial international Bank (CIB) has fallen by 13% during the past two weeks, in line with the tax amendments decision on treasury bills and bonds.
By 11:37 am Cairo time, the CIB’s stock dropped 3.43% to EGP 70.
The CIB tumbled to EGP 70 from EGP 80 in two weeks, weighing on the benchmark EGX30 index to lose more than 1,000 points.
The EGX30 index declined 270.37 points or 2.06% early Tuesday to 12,664.07 points.
