Egypt’s stock benchmark EGX 30 falls 0.87% after five-day Eid holidays

Egypt’s stock exchange’s (EGX) indexes ended in mixed notes on Monday, with the benchmark EGX 30 index solely falling 0.87 percent to 10,674 points.

The Egyptian bourse halted trading for five days for Eid al-Fitr celebrations, which mark the end of Ramadan, the Muslim holy month.

The North African country set limited working hours for shops amid growing coronavirus cases and fears over the third virus wave starting from May 6 and valid for two weeks.

The EGX 70 EWI index of the leading smaller and mid cap enterprises (SME) advanced 1.07 percent to 2,185 points, while the fixed-weighted index, EGX 30 Capped increased 0.21 percent to 13,074 points. The all-embracing index, EGX 100 edged up 0.86 percent to 3,123 points. Meanwhile, the equal weights index, EGX 50 added 1.03 percent to 2,130 points.

Market Cap   

The country’s market capitalisation has on Monday incurred losses worth 527 million Egyptian pounds ($33.6 million), ending the trading at 671.624 billion pounds driven by local investors’ selloff.

Trading Aggregates            

Trading value has approximately reached around 2.7 billion pounds, while the trading volume has almost recorded 567.259 million securities executed 54,113 transactions.