Cairo stock market cap falls 0.4%, EGX 30 dives in week

Egypt’s main stock index, EGX 30 dived 3.4 percent in a week, closing on Thursday at 13,715 points.

The country’s stock market will be closed on Sunday for a public holiday on the occasion of 23 July Revolution.

The country announced that trading Sunday, July 23 would be an official vacation for trading on occasion of the anniversary of the Egyptian Revolution of 1952.

Trading will be resumed on Monday, July 24.

Market Capitalisation:

The country’s stock market incurred weekly losses worth 3.2 billion Egyptian pounds ($179.1 million), finishing at 710.7 billion pounds during the closing session of Thursday, from 713.9 billion pounds at the end of a week earlier.

Indices

In addition, the mid- and small-cap index, the EGX 70 fell 1.6 percent in a week closing at 674.8 points during Thursday’s session, compared to 685.5 points at the end of a week earlier.

Turnovers

During the week, the trading volume hit around 1.7 billion securities, compared 1.8 billion. For the traded value, it reached around 4.5 billion pounds against 5.7 billion pounds a week earlier.