Egypt bourse loses EGP 17.1bn

The Egyptian Exchange (EGX) recorded its heaviest loss since the beginning of 2016 to lose more than 16.4 percent of the value of its main index and more than EGP 45.6 billion of its market capital value.

The market capital lost about EGP 17.1 billion pounds of its value in today's session, before the EGX administration decided to suspend trading prior to the
closing time by about 4 minutes due to severe losses.

The main benchmark EGX 30 index went down by 5.6 percent, reaching 5,857.7 points, which is the lowest level registered since October 2013.

The broader EGX 70 index of the leading small and medium sized enterprises (SMEs) dropped by about 6.12 percent recording 336.41 points.

The overall EGX 100 index was down 5.02 percent reaching 694.6 points.