Egyptian Exchange loses EGP7.9bn

The Egyptian Exchange (EGX) indices went down on Tuesday on the back of intensive share sales by Egyptian investors and local investment funds as the Capital Gains Tax (CGT) crisis persists.

The market capital lost about 7.9 billion pounds to reach 488.3 billion after transactions worth 707 million.

The main benchmark EGX 30 index went down by 1.92 percent, reaching 8,330.52 points.

The broader EGX 70 index of the leading small and medium sized enterprises (SMEs) dropped by 3.09 percent, recording 460.36 points.

The all-embracing EGX 100 index was down 2.2 percent, reaching 941.58 points.