Egypt’s stocks end in red on Tuesday as benchmark EGX 30 drops 1.98%
EGX 70 EWI index of the leading smaller and mid cap enterprises (SME) plummeted by 3.34 percent to 2,599 points, while the fixed-weighted index, EGX 30 Capped tumbled by 2.18 percent to 12,787 points. The all-embracing index, EGX 100 fell by 3.29 percent to 3,535 points. In addition, the equal weights index, EGX 50 edged down by 3.46 percent to 2,222 points.
The country’s market capitalisation has on Tuesday incurred losses worth 14.5 billion Egyptian pounds ($923.3 million), ending the trading at 692.201 billion pounds due to local investors’ selloff.
Trading value has approximately reached around 3.9 billion pounds, while the trading volume has almost recorded 413.245 million securities executed 52,999 transactions.