Egyptian Stock Exchange Continues Wave of Losses due to Regional Geopolitical Tensions
The Egyptian Stock Exchange continued its wave of violent losses that began yesterday, driven by geopolitical tensions in the region.
During the first two hours of trading on Wednesday, the market cap of listed stocks decreased by 0.73%, with losses amounting to about EGP 16 billion, as it dropped from EGP 2,186 trillion at the end of Tuesday's trading session to EGP 2,170 trillion, two hours after the start of trading on Wednesday's session.
The EGX 30 index decreased by 1.28% to reach 29,184 points, the EGX 30 Capped index decreased by 1.29% to reach 36,166 points, and the EGX 30 Total Return index decreased by 1.14% to reach 12,858 points.
The EGX 70 EWI Index also declined by 1.15% to reach 8,246 points, while the EGX 100 EWI Index fell by 1.15% to reach 11,271 points.
End of Trading
The Egyptian Stock Exchange ended Wednesday's trading session with losses amounting to EGP 32 billion after the EGX 30 index declined by 1.14% to close at 29,564 points.
The EGX 30 Capped Index fell by 1.36% to close at 36,638 points. The EGX 30 Total Return Index also declined by 1.16% to close at 13,004 points.
Also, the EGX 70 EWI decreased by 3.39% to close at 8,342 points. The EGX 100 EWI decreased by 3.01% to close at 11,402 points.
Moreover, the Sharia Index decreased by 1.76% to close at 3,098 points.
The 'Tamayuz' Index decreased by 1.69% to close at 9,960 points. The EGX T BONDS Index also decreased by 0.18% to close at 1,939 points.
The Egyptian Stock Exchange (EGX) headquarters, Cairo. (File Photo)
A file photo of the Egyptian Exchange (EGX)
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