Expert: The Egyptian stock market was negatively affected by the decline of the Arab stock exchanges in Monday's session

Economy and stock exchange

The Egyptian stock market has been negatively affected by the events in the Arab region and has continued to achieve its losses. The Egyptian stock market has not been linked to the Arab stock exchanges during the recent rise due to internal problems such as stamp duty and delay of the government proposals program, Ehab Said said.

"The capital market is waiting for a bottom above 12,000 points over the next two months," Saeed said. "The return is linked to solving outstanding problems in the market, led by Global Telecom.

The Gulf bourses suffered sharp losses during Monday's session due to investor sales for fear of escalating the situation after the sabotage operations targeting UAE merchant vessels in the Gulf of Oman.

The UAE Ministry of Foreign Affairs and International Cooperation announced that 4 civilian commercial cargo ships from several nationalities were attacked by the state's territorial waters in the Gulf of Oman towards the eastern coast near the emirate of Fujairah and near the territorial waters and in the economic waters of the UAE on Sunday morning.

Meanwhile, Saudi Energy Minister Khaled Al-Falih revealed the details of two Saudi oil tankers being subjected to a sabotage attack in the UAE's territorial waters.

.