Egypt’s stocks declined on Thursday on the second day of thin trading following the Eid Al-Adha holiday, Al-Ahram Arabic news website reported.

Beltone Market Maker, a subsidiary of Beltone Financial Holding, one of Egypt’s leading investment banks, has begun providing market-making services in the shares of Orascom Construction on Nasdaq Dubai.

Egypt's state-owned telephone company Telecom Egypt has signed a deal to buy a fourth-generation (4G) mobile licence, becoming the first mobile operator to do so in the country.

Egypt’s stocks closed the trading week on Thursday on a positive note, following the announcement of a tentative financing agreement between the government and the International Monetary Fund.