Egypt’s stocks sank on Monday, market cap losses EGP 10.5 billion
The EGX 70 EWI index of the leading smaller and mid cap enterprises (SME) dived 6.27 percent to 1,868 points, while the fixed-weighted index, EGX 30 Capped tumbled 1.01 percent to 12,628 points. The all-embracing index, EGX 100 sank 4.94 percent to 2,783 points. Meanwhile, the equal weights index, EGX 50 edged down 4.20 percent to 1,947 points.
Total market capitalisation has on Monday incurred losses worth around 10.5 billion Egyptian pounds ($670.5 million), ending the trading at 635.492 billion pounds due to foreign investors’ selloff.
Trading value has approximately reached around 3.98 billion pounds, while the trading volume has almost recorded 883.012 million securities executed 40,498 transactions.