Egypt’s stocks plunge on Monday as selloff deepens, benchmark EGX 30 dives 2.45%

Egypt’s stock exchange’s (EGX) indexes finished lower on Monday, with the benchmark EGX 30 index diving 2.45 percent to 10,537 points due to Arab and foreign investors’ massive selloff.

The EGX 70 EWI index of the leading smaller and mid cap enterprises (SME) sank 5.27 percent to 1,920 points, while the fixed-weighted index, EGX 30 Capped slid 2.69 percent to 12,740 points. The all-embracing index, EGX 100 plunged 4.51 percent to 2,845 points. Meanwhile, the equal weights index, EGX 50 tumbled 4.02 percent to 1,992 points.

Market Cap   

Total market capitalisation has on Monday incurred substantial losses worth 17.3 billion Egyptian pounds ($1.1 billion), ending the trading at 641.216 billion pounds.

Trading Aggregates            

Trading value has approximately reached 2.9 billion pounds, while the trading volume has almost recorded 454.579 million securities executed 39,391 transactions.