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EGX fell this morning due to gas prices rise

The beginning of Sunday’s trading session witnessed a collective decline in the stock market indices.

This represents the first session following the decision issued last Thursday to raise the price of natural gas for the industrial sector.

The “EGX30” index fell by 0.74%, and “EGX 70” decreased by 0.27%.

The broader “EGX 100” index also declined by 0.58%.

Stock market experts expected downward movements in the market throughout the sessions of this week, as a result of the effects of the government’s decision to raise gas prices for cement, iron, and fertilizer factories.