ICEC

Egypt’s stock exchange marks 3rd monthly decline in July

The Egyptian Exchange (EGX) ended July on low note amid a collective decline of its indices, marking the third monthly decline in a row.

The benchmark EGX30 index retreated 4.7 percent or 768.36 points to close at 15,580.19 points.

Market capitalisation lost 37.2 billion pounds to close at 873.6 billion pounds from 910.8 billion pounds in June.

Meanwhile, the EGX70 index dropped 7.47 percent to 744.53 points, while the broad ranged EGX 100 index decreased 6.4 percent to 1,930.12 points.

The equal-weighted EGX50 lost 5.57 percent to close the month at 2,584.03 points.

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