Egyptian bourse trading suspended over heavy loss

The Egyptian Bourse on Sunday suspended trading for half an hour after incumbering more than 15.2 billion EGP market loss. Bourse indices have hurtled below the allowed levels. Bourse indexes collectively dropped in the begining of the week amid heavy sales by investors. The bourse capital market dropped from 373.2 billion EGP to 358 billion EGP. The EGX 30 benchmark index thudded down by 6 percent to close at 5112.97 points. The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) also tumbled by 4.68 percent, reaching 458.41 points. The all-embracing EGX 100 index followed suit with 5.01 percent, taking the index down to 766.38 points.