Egypt’s stocks start week in red as benchmark EGX 30 tumbles 0.97%
EGX 70 EWI index of the leading smaller and mid cap enterprises (SME) dived 3.59 percent to 2,764 points, while the fixed-weighted index, EGX 30 Capped dropped 1.27 percent to 13,330 points. The all-embracing index, EGX 100 sank 2.92 percent to 3,753 points. In addition, the equal weights index, EGX 50 tumbled 2.86 percent to 2,364 points.
The country’s market capitalisation has on Sunday incurred losses worth 16 billion Egyptian pounds ($1 billion), ending the trading at 717.605 billion pounds driven by local and Arab investors’ selloff.
Trading value has approximately reached around 4.6 billion pounds, while the trading volume has almost recorded 340.345 million securities executed 48,962 transactions.