Egypt’s stocks close in red on Monday, benchmark EGX 30 solely inches up
EGX 70 EWI index of the leading smaller and mid cap enterprises (SME) dipped 0.03 percent to 2,351 points, while the fixed-weighted index, EGX 30 Capped fell 0.33 percent to 12,890 points. The all-embracing index, EGX 100 dropped 0.10 percent to 3,313 points. Meanwhile, the equal weights index, EGX 50 went down 0.34 percent to 2,172 points.
The country’s market capitalisation has on Monday incurred losses worth 2.3 billion Egyptian pounds ($146.7 million), ending the trading at 670.342 billion pounds due to foreign and Arab investors’ selloff.
Trading value has approximately reached around 2.7 billion pounds, while the trading volume has almost recorded 429.558 million securities executed 47,666 transactions.