Strong sales to Egyptian and foreign investors meant that the Egyptian stock market continued its decline during trading today, as the color red dominated the trading screens, after meager purchases by Arab investors failed to stop the wave of losses.
The stock exchange management resorted to the suspension of a large number of shares in order to exceed the indicated rise and fall percentages, set at 5%.
The Egyptian stock market closed today’s session, Wednesday, with a collective decline, and the market capital of the shares of listed companies lost around 10 billion pounds to close at 724.338 billion pounds.
In terms of indicators, the main index “EGX30” decreased by 0.93% to close at the level of 11480 points and the “EGX50” index fell by 2.33% to close at the level of 1989 points.
The “EGX30” index with specific weights fell by 0.74% to close at 13452 points. The “EGX30” total return index decreased by 0.9% to close at 4496 points.
The losses extended to the “EGX70” small and medium-sized business stock index of equal weight, which fell 2.97% to close at 2121 points. The broader “EGX 100” of equal weight also fell by 2.36% to close the trading day at 3089 points.
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