Egypt bourse loses EGP 9 billion, main index down 4.4 %

The Egyptian Exchange (EGX) suffered more losses on Thursday's morning session due to clashes outside Ittihadiya Palace between President Mohamed Morsi supporters and opponents. The bourse's market capital lost 9 billion pounds to stand at 342.14 billion pounds against 351.21 billion EGP recorded at closure on Wednesday. The EGX 30 benchmark index ratcheted down 4.4 percent to stand at 4848,69 points. The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) also dropped by 2.4 percent, reaching 432,08 points. The all-embracing EGX 100 index followed suit with 3.2 percent, taking the index down to 722,25 points.