Traders work at the Egyptian stock exchange in Cairo, May 28, 2015.REUTERS/Mohamed Abd El Ghany
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Stocks across the Middle East tumbled as foreign investors exited the region amid a global sell-off. Egypt's EGX 30 Index led the slump with a 5.2 percent decline as of 1:39 p.m. in Cairo, taking its retreat this week to 15 percent. The Bloomberg GCC 200 Index, comprising 200 of the biggest companies in the six-nation Gulf Cooperation Council, retreated 2.8 percent to the lowest level since July 2012 .The gauge has lost 12 percent so far this month and is heading for the worst January since the index began about 10 years ago.Saudi stocks were the five biggest contributors to the gauge's decline Thursday. Kingdom Holding Co. fell 9.7 percent and Saudi Basic Industries Corp. declined 2.1 percent. Abu Dhabi's ADX General Index decreased 1.6 percent, and Kuwait's gauge fell 1.6 percent.
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