Egypt’s stocks close in red on Wednesday as benchmark EGX 30 tumbles 1.36%

By Amwal Al Ghad English On Jan 19, 2022

Egypt’s stock exchange (EGX) stocks — Egypt’s stock exchange (EGX)

Egypt’s stock exchange (EGX) ended lower on Wednesday, with the benchmark EGX 30 index tumbling by 1.36 percent to 11,715 points.

EGX 70 EWI index of the leading smaller and mid cap enterprises (SME) dropped by 0.26 percent to 2,213 points, while the fixed-weighted index, EGX 30 Capped went down by 1.15 percent to 13,944 points. In addition, the equal weights index, EGX 50 slid by 0.82 percent to 2,061 points.

The all-embracing index, EGX 100 decreased by 0.61 percent to 3,239 points.

Market Cap

The country’s market capitalisation has incurred losses worth 6.1 billion Egyptian pounds ($389.3 million), ending the trading at 756.637 billion pounds due to Arab and foreign investors’ selloff.

Trading Aggregates

Trading value has approximately reached around 724.200 million pounds, while the trading volume has almost recorded 192.191 million securities executed 31,011 transactions.