Egypt’s stocks end in red as benchmark EGX 30 tumbles 1.4% on Tuesday
The EGX 70 EWI index of the leading smaller and mid cap enterprises (SME) dropped 0.97 percent to 2,354 points, while the fixed-weighted index, EGX 30 Capped edged down 1.09 percent to 12,484 points. The all-embracing index, EGX 100 plummeted 0.87 percent to 3,292 points. Meanwhile, the equal weights index, EGX 50 fell 0.99 percent to 2,232 points.
However, the country’s market capitalisation has on Tuesday incurred losses worth 3.8 billion Egyptian pounds ($242.8 million), ending the trading at 638.696 billion pounds driven by foreign investors’ selloff.
Trading value has approximately reached around 2.8 billion pounds, while the trading volume has almost recorded 482.233 million securities executed 53,758 transactions.