Local, foreign selloff dents Egypt shares, EGX 30 plunges 1.66% on Tuesday

By Amwal Al Ghad English On Sep 8, 2020

Egypt’s stock exchange’s (EGX) indexes ended lower on Tuesday, with the benchmark EGX 30 index plunging 1.66 percent to 10,951 points, driven by local and non-Arab foreign selloffs.

The EGX 70 EWI index of the leading smaller and mid cap enterprises (SME) sank 3.27 percent to 1,792 points, while the fixed-weighted index, EGX 30 Capped lost 2.31 percent to 12,683 points. The all-embracing index, EGX 100 dived 3.24 percent to 2,654 points. Meanwhile, the equal weights index, EGX 50 dropped by 3.13 percent to 1,933 points.

Market Cap

Total market capitalisation had incurred heavy losses worth around 13.8 billion Egyptian pounds ($873.4 million) to close at 611.358 billion pounds on Tuesday.

Trading Aggregates

Also on Tuesday, the trading value has neared 2 billion pounds, while the trading volume has almost recorded around 373 million securities executed over 41,000 transactions.

EGX EGX 100 EGX 30 EGX 30 Capped EGX 70 EWI Egypt’s stock market