Egypt's bourse loses more than EGP 10bn in first 10 minutes

Egypt bourse began early trading on Sunday by a marked downward trend during the first ten minutes of the session prompted by random sellouts of investors.

The capital market lost ten billion pounds to hit 374 billion pounds against 384 billion pounds at the end of last week's transactions.

The benchmark index EGX 30 dropped by 5.2 percent to 5552.56 points.

The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) was down 2.9 percent to 326.77 points.

The all-embracing EGX 100 index followed suit with 2.6 percent taking the index down to 675.44 points.

A bourse broker said the Egyptian Exchange is affected by the sharp decline of the US market on Friday as well as today losses of the Saudi and Dubai bourses.