Egypt’s stocks end in green but market cap incurs EGP 13.8 billion losses

By Amwal Al Ghad English On May 19, 2021

Egypt’s stock exchange (EGX) stocks — Egypt’s stock exchange (EGX) (Photo Credit: AP - Nariman El-Mofty)

Egypt’s stocks (EGX) indexes ended in green on Wednesday, with the benchmark EGX 30 index adds 0.23 percent to 10,806 points.

However, the market capitalisation incurs massive losses worth 13.8 billion Egyptian pounds ($880.1 million), ending the trading at 665.844 billion pounds driven by local investors’ selloff.

The EGX 70 EWI index of the leading smaller and mid cap enterprises (SME) grew 0.48 percent to 2,241 points, while the fixed-weighted index, EGX 30 Capped rose 0.48 percent to 13,336 points. The all-embracing index, EGX 100 went up 0.43 percent to 3,200 points. Meanwhile, the equal weights index, EGX 50 advanced 1.07 percent to 2,206 points.

Trading Aggregates

Trading value has approximately reached around 7.3 billion pounds, while the trading volume has almost recorded 776.851 million securities executed 62,743 transactions.