🔴 Bonyan Development is trading 4.1% down today as Egyptian stocks sell off

Bonyan Development is trading at $3.96, down 4.12%, amid broad selling across Egyptian stocks.

• The EGX30 fell 2.63% on October 18 as foreign investors and financial institutions sold.
• The Egyptian Exchange listed a Bonyan treasury-stock purchase release on October 18, but available reporting does not establish it as the cause.
• No clear company-specific catalyst was identified; the broad market move is the best-supported explanation.