🔴 Orascom Construction is trading 5% down today as EGX30 fell 1.7%

Orascom Construction is trading 5.15% down at $773.00 amid broad selling in Egypt’s market.

• On October 26, the EGX30 fell 1.7%; Orascom Construction was among the decliners, down 5.2%.
• The pressure followed an October 25 sell-off, when trading was suspended for 30 minutes after the EGX100 plunged 10%.
• Reports attributed the broader sell-off to political and economic uncertainty and pound weakness; no separate company-specific catalyst was confirmed.