Egypt’s stocks start week in red as benchmark EGX 30 tumbles 1.43%
EGX 70 EWI index of the leading smaller and mid cap enterprises (SME) inched down by 1.64 percent to 2,678 points, while the fixed-weighted index, EGX 30 Capped dropped 1.25 percent to 12,724 points. The all-embracing index, EGX 100 decreased by 1.53 percent to 3,615 points. In addition, the equal weights index, EGX 50 sank by 1.99 percent to 2,267 points.
The country’s market capitalisation has on Sunday incurred losses worth 6.8 billion Egyptian pounds ($432.5 million), ending the trading at 696.495 billion pounds due to Arab and foreign investors’ selloff.
Trading value has approximately reached around 2.45 billion pounds, while the trading volume has almost recorded 343.983 million securities executed 36,180 transactions.