The Egyptian bourse incurred heavy losses estimated at 32 billion Egyptian pounds in the past week trades, putting the market capital in the range of 476 billion pounds, as compared to 507.9 billion pounds, posted in the previous week — with a 3.6 percent decline.
The bourse is posting hefty losses for the third consecutive week.
The bourse weekly report, released on Friday, showed the benchmark, EGX, fell 8.67 percent to 8,400 points. EGX-20 fell 10.58 percent to 9,418 points EGX-70 for small and medium chips dropped 11.51 percent, reaching 543 points, while EGX-100 of wider range decreased nine percent to 1,031 points.
One USD is traded at approximately 7.1 Egyptian pounds.
Source : KUNA Kuwait News agency
