Egypt’s stocks end in red on Tuesday, benchmark EGX 30 dives 2.13%
The EGX 70 EWI index of the leading smaller and mid cap enterprises (SME) sank 2.22 percent to 2,166 points, while the fixed-weighted index, EGX 30 Capped dropped 2.26 percent to 12,879 points. The all-embracing index, EGX 100 went down 2.22 percent to 3,090 points. Meanwhile, the equal weights index, EGX 50 fell 2.21 percent to 2,122 points.
The country’s market capitalisation has on Tuesday incurred losses worth 11.4 billion Egyptian pounds ($727 million), ending the trading at 658.630 billion pounds driven by local and Arab investors’ selloff.
Trading value has approximately reached around 2.6 billion pounds, while the trading volume has almost recorded 528.205 million securities executed 50,566 transactions.