Egypt’s stocks start week in dark red as main index EGX 30 plunges 1.21%

Egypt’s stock exchange (EGX) closed in dark red on Sunday, with the benchmark EGX 30 index plunging by 1.21 percent to 11,438 points.

EGX 70 EWI index of the leading smaller and mid cap enterprises (SME) dived by 6.33 percent to 1,982 points, while the fixed-weighted index, EGX 30 Capped dropped by 1.38 percent to 13,625 points. In addition, the equal weights index, EGX 50 slid by 2.58 percent to 1,972 points.

The all-embracing index, EGX 100 sank by 4.95 percent to 2,985 points.

Market Cap   

The country’s market capitalisation has incurred losses worth around 22.8 billion Egyptian pounds ($1.4 billion), ending the trading at 726.661 billion pounds driven by local and Arab investors’ selloff.

Trading Aggregates            

Trading value has approximately reached around 1 billion pounds, while the trading volume has almost recorded 389.733 million securities executed 38,855 transactions.