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Egyptian Exchange’s losses hit EGP800 million

Volumes of trading value reached approximately EGP5bn as a result of trading 1.257bn securities

The Egyptian Exchange suffered from a loss of roughly EGP800 million during trading last week, bringing the listed companies’ market capitalisation of shares to EGP452 billion, shows a report.

According to the weekly report of the Egyptian Exchange, this represents a decline by roughly 0.2 per cent compared with EGP453bn in the previous week, reports Kuwait-based Al Rai.

The report shows the variation of the primary and secondary market indices. The benchmark index EGX 30 rose by 0.45 per cent to reach 7,542 points, while the small and medium enterprises EGX-70 inched down by 0.12 per cent to reach 397 points.

The rises included the broader EGX 100 index, which rose by 0.02 per cent to reach 853 points and the EGX 20, which rose by 0.02 per cent to reach 7,322 points.

The report points out that the volumes of trading value during this week increased to reach approximately EGP5bn, as a result of trading 1.257bn securities executed over 82,000 transactions.

(EGP1 = AED0.46, at the time of publishing)