Egypt bourse losses 5bn on back of Nasr City bus explosion

The Egyptian Stock Exchange (EGX) moved lower at Thursday’s closing session on the back of profit-taking operations and fears sparked by a bomb explosion in Nasr City earlier in the day which left five injured. The market lost more than 5 billion pounds, after transactions reached about 395 million pounds. The main benchmark EGX 30 index went down by 0.84 percent, reaching 6,712.51 points. The broader EGX 70 index of the leading small and medium sized enterprises (SMEs) dropped by 1.6 percent, recording 538.24 points. The overall EGX 100 index was down 1.28 percent, reaching 918.52 points.