Egypt’s stocks end lower on Wednesday as benchmark EGX 30 edges down 0.53%
EGX 70 EWI index of the leading smaller and mid cap enterprises (SME) dropped by 0.35 percent to 2,699 points, while the fixed-weighted index, EGX 30 Capped lost 0.31 percent to 12,723 points. The all-embracing index, EGX 100 went down by 0.24 percent to 3,632 points. In addition, the equal weights index, EGX 50 fell by 0.42 percent to 2,285 points.
The country’s market capitalisation has on Wednesday incurred losses worth 2.8 billion Egyptian pounds ($117.8 million), ending the trading at 696.376 billion pounds driven by local investors’ selloff.
Trading value has approximately reached around 3.7 billion pounds, while the trading volume has almost recorded 320.364 million securities executed 38,645 transactions.