Egypt’s stocks start week in red as benchmark EGX 30 drops 0.91%
The EGX 70 EWI index of the leading smaller and mid cap enterprises (SME) sank 2.53 percent to 2,324 points, while the fixed-weighted index, EGX 30 Capped fell 0.99 percent to 12,421 points. The all-embracing index, EGX 100 dived 2.12 percent to 3,263 points. Meanwhile, the equal weights index, EGX 50 tumbled 1.86 percent to 2,214 points.
However, the country’s market capitalisation has on Sunday incurred losses worth 7.3 billion Egyptian pounds ($466.8 million), ending the trading at 635.695 billion pounds driven by local investors’ selloff.
Trading value has approximately reached around 4.1 billion pounds, while the trading volume has almost recorded 506.798 million securities executed 48,307 transactions.