🔴 Orascom Construction is trading 4.69% down

Orascom Construction is trading at $815.00, down 4.69%, amid a sharp Egyptian market sell-off; no company-specific catalyst has been confirmed.

• On October 25, market capitalization fell 4.32%, while the EGX100 dropped more than 10% before trading was suspended for 30 minutes.
• October 26 coverage reported broad weekly EGX losses, including a 7.02% decline in the EGX70.
• Orascom’s October 26 wind-project update concerned project progress.