19 November 2012

Egypt: Nation's Exchange Loses EGP 10 Billion On Backdrop of Gaza Attack, Assiut Accident

The Egyptian Exchange (EGX) lost during Sunday 18/11/2012 trading about ten billion Egyptian pounds on the backdrop of incidents at the local and regional levels including the latest developments in Gaza and the Assuit train-bus crash as well as the consecutive withdrawal of members of the constitution's Constituent Assembly.

The bourse's losses were prompted by sales by foreign and local investors. The EGX 30 benchmark index was down by 3.25 percent reaching 5,478.37 points.

The boarder EGX 70 index of the leading smaller and mid cap enterprises (SME) went down by 3.66 per cent, reaching 497.52 points.

The overall EGX 100 index followed suit with 3.38 per cent, taking the index down to 827.47 points.

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