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Business

EGX loses EGP 38.5 billion last week

Friday 12/October/2018 - 09:49 AM
File photo
File photo
Sada ElBalad-Yara Sameh

Egyptian Stock Exchange market capital lost EGP 38.5 billion to close at 744.1 billion over last week's trading sessions، amid a variety of performance in the stock market.

The weekly report stated that the main stock exchange "EGX 30" index declined by 5.8% to reach the level of 13283 points، and "EGX 20" index declined by 7.7% to reach the level of 12547 points.

Meanwhile، medium stock index "EGX 70" declined by 2.04% to reach the level of 685 points، and "EGX 100" index declined by 2.8% to reach the level of 1719 points.

Noteworthy، the Egyptian Exchange is one of the oldest stock markets established in the Middle East، according to Egyptian Exchange.

The Egyptian Exchange traces its origins to 1883 when the Alexandria Stock Exchange was established، followed by the Cairo Stock Exchange in 1903.

Egypt's Stock Exchange comprises of two exchanges، Cairo and Alexandria، both governed by the same board of directors and sharing the same trading، clearing and settlement systems.

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