Egypt’s stocks start week in red as benchmark EGX 30 slides 1.51%
EGX 70 EWI index of the leading smaller and mid cap enterprises (SME) slide by 1.69 percent to 2,196 points, while the fixed-weighted index, EGX 30 Capped dropped by 1.59 percent to 14,032 points. In addition, the equal weights index, EGX 50 went down by 1.53 percent to 2,058 points.
The all-embracing index, EGX 100 tumbled by 1.64 percent to 3,224 points.
The country’s market capitalisation has incurred losses worth 8.4 billion Egyptian pounds ($537.7 million), ending the trading at 759.912 billion pounds triggered by local and Arab investors’ selloff.
Trading value has approximately reached around 556.124 million pounds, while the trading volume has almost recorded 189.793 million securities executed 27,302 transactions.