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Reading: EGX blue-chip index plunges by 3.16% in morning trading
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Dailynewsegypt > Blog > Business > Stock Market > EGX blue-chip index plunges by 3.16% in morning trading
BusinessStock Market

EGX blue-chip index plunges by 3.16% in morning trading

Mohamed Samir
Last updated: 2021/01/26 at 11:07 PM
By Mohamed Samir 1 Min Read
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The Egyptian Exchange (EGX) EGX30 index plunged by 3.16% in morning trading on Tuesday.
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The Egyptian Exchange (EGX) EGX30 index plunged by 3.16% in morning trading on Tuesday.

On Sunday, EGX indexes bled heavily amid intense selling by Egyptians leading to market losses of EGP 31.5bn.

At the time EGX halted trading on 70 companies for 10 minutes after stocks fell by 5%.

Afterwards, trading was suspended for more 30 minutes on the back of EGX100 index falling by 5% for the first time since November 2016, amid strong sales by Egyptian investors.

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TAGGED: Business, Daily News Egypt, EGX, stock market
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By Mohamed Samir
Mohamed Samir Khedr is an economic and political journalist, and analyst specialising in geopolitical conflicts in the Middle East, Africa and the Eastern Mediterranean. Over the past decade, he covered Egypt's and the MENA region's financial, business, and geopolitical updates. He is currently the Executive Editor of the Daily News Egypt. Twitter: https://twitter.com/Moh_S_Khedr LinkedIn: https://www.linkedin.com/in/mohamed-samir-khedr/
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