EGX extends losing streak, equities shed $2.8B
The Egyptian Exchange - YOUM7 (Archive)

CAIRO: The Egyptian Exchange (EGX) widened its downward wave at the close of Monday’s session, battered by local and foreign sell-offs.

The benchmark index EGX30 declined 0.65 percent, to end at 8,672 points, down from 8,729 points on Sunday.

Further, the small and mid-cap index EGX70 retreated 1.27 percent to end at 456 points, compared to 461.9 points in its last session. The broader index EGX100 fell by 0.93 percent, registering 966 points.

Market capitalization shed around 2.8 billion EGP ($366.97 million,) totaling 492.4 billion EGP, down from 495.2 billion EGP Sunday.

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