Egypt’s stocks end week in red as main index EGX 30 drops 0.37%

Egypt’s stock exchange (EGX) ended in red on Wednesday, with the benchmark EGX 30 index falling by 0.37 percent to 11,499 points.

EGX 70 EWI index of the leading smaller and mid cap enterprises (SME) dropped by 0.46 percent to 2,126 points.

The all-embracing index, EGX 100 edged down by 0.47 percent to 3,126 points.

Thursday, January 27 is an official holiday for banks and the EGX to mark the anniversaries of the January 25 Revolution and Police Day.

Market Cap   

The country’s market capitalisation has incurred losses worth 5.2 billion Egyptian pounds ($331.5 million), ending the trading at 740.800 billion pounds driven by Arab and foreign investors’ selloff.

Trading Aggregates            

Trading value has approximately reached around 622.5 million pounds, while the trading volume has almost recorded 300.6 million securities executed 28,950 transactions.