Egyptian bourse loses 14bn pounds

The Egyptian bourse incurred heavy losses estimated at 14 billion Egyptian pounds in the past week trades, putting the market capital in the range of 507.9 billion pounds, as compared to 521.9 billion pounds, posted in the previous week -- with a 2.7 percent decline.
The bourse weekly report, released on Friday, showed the benchmark, EGX, fell 2.77 percent to 9,197 points. EGX-20 fell 3.78 percent to 10,533 points EGX-70 for small and medium chips dropped 3.45 percent, reaching 613 points, while EGX-100 of wider range decreased 1.8 percent to 1,132 points.
One USD is traded at approximately 7.1 Egyptian pounds