CAIRO: The Egyptian Exchange (EGX) plunged Monday, as Arab and foreign sell offs weighed on the benchmark index EGX30 for a second consecutive day, retreating 1.93 percent at close.
The benchmark slipped to 8,595 points at close, down from 8,764 points Sunday.
Meanwhile, the small and mid-cap index EGX70 dropped 1.38 percent to end at 488 points, compared to 494.89 points in its last session. The broader index EGX100 fell by 1.36 percent, ending at 992.5 points.Market capitalization shed around 6.1 billion EGP ($799.63 million,) totaling 502.3 billion EGP, down from 508.4 billion EGP Thursday.
On Sunday, Egypt’s market shut on a mixed note, and the benchmark index EGX30 dropped 1.37 percent, and equities lost roughly 2.9 billion EGP.