Egypt’s stocks start week lower, benchmark EGX 30 tumbles 1.40%
The EGX 70 EWI index of the leading smaller and mid cap enterprises (SME) fell 1.02 percent to 1,993 points, while the fixed-weighted index, EGX 30 Capped lost 1.36 percent to 12,756 points. The all-embracing index, EGX 100 edged down 1.19 percent to 2,928 points. Meanwhile, the equal weights index, EGX 50 plummeted 1.50 percent to 2,032 points.
Total market capitalisation has on Sunday incurred losses worth 6.5 billion Egyptian pounds ($413.1 million), ending the trading at 646.021 billion pounds due to local and Arab investors’ selloff.
Trading value has approximately reached around 2 billion pounds, while the trading volume has almost recorded 486.156 million securities executed 36,238 transactions.