Egypt’s stocks start week in red as benchmark EGX 30 falls 0.54%
EGX 70 EWI index of the leading smaller and mid cap enterprises (SME) dropped 0.40 percent to 2,307 points, while the fixed-weighted index, EGX 30 Capped fell by 0.61 percent to 14,311 points. In addition, the equal weights index, EGX 50 decreased by 0.68 percent to 2,153 points.
The all-embracing index, EGX 100 declined by 0.49 percent to 3,369 points.
Banks in Egypt and EGX closed last Thursday, January 6 on the occasion of the 2022 Coptic Christmas holiday.
The country’s market capitalisation has incurred losses worth 4.45 billion Egyptian pounds ($283 million), ending the trading at 772.402 billion pounds driven by local and foreign investors’ selloff.
Trading value has approximately reached around 484.334 million pounds, while the trading volume has almost recorded 188.469 million securities executed 24,778 transactions.