EGX loses EGP 22bn Tuesday morning, closes with EGP 15.5bn losses

Daily News Egypt
1 Min Read

The Egyptian Exchange (EGX) plunged on Tuesday morning, losing around EGP 22bn in market capital, recording EGP 906bn in total.

The losses were driven by random selling from foreign and Arab companies, as well as investment funds.

However, the EGX closed after falling into the red zone, losing about EGP 15.5bn, and recording EGP 912.127bn.

The Egyptian stock market stopped trading for 15 minutes on some stocks for exceeding the allowed decrease rate of 5% per session.

The main EGX30 securities index decreased by 3.51% to close at 15,827.90 points, while the small and medium enterprises EGX70 decreased by 1.59% to 818.52 points.

The all-embracing EGX100 increased by 2.10%, registering at 2,075.47 points.

Meanwhile, the EGX50 EWI capital weights index of the most active 50 companies listed on the market declined by 2.20% and recorded 2,735 points.

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