Egypt stocks fall 2.95% in week

Egypt’s main stock index, EGX 30 tumbled 2.95 percent in a week, closing on Thursday at 12,526 points.

Market Capitalisation:

The country’s stock market recorded weekly losses worth 8.35 billion Egyptian pounds ($462.5 million), closing at 655 billion pounds during the closing session of Thursday, 1 percent lower from 63 billion pounds at the end of a week earlier.


In addition, the mid- and small-cap index, the EGX70 edged down by 0.68 percent in a week closing at 587 points during Thursday’s session.
Price index, EGX100 retreated 1.08 percent finishing at 1,353 points during Thursday’s session.


During the week, the trading volume hit around 781 million securities, compared to 511 million. For the traded value, it reached around 5.1 billion pounds against 3.0 billion pounds a week earlier.