CAIRO: The Egyptian Exchange (EGX) extended its losing streak at the close of Tuesday’s session, hammered by Arab and local sell offs.
The benchmark index EGX30 dipped for a third straight day, retreating 0.24 percent to end at 8,575 points at close, down from 8,595 points Monday.
Also, the small and mid-cap index EGX70 fell 0.52 percent to end at 485.5 points, compared to 488 points in its last session. The broader index EGX100 fell by 0.62 percent, ending at 986.4 points.
Market capitalization shed around 1.3 billion EGP ($170.35 million,) totaling 501 billion EGP, down from 502.3 billion EGP Monday.
On Monday, Egypt’s market plunged, as Arab and foreign sell offs weighed on the benchmark which recorded a 1.93 percent slip.