The biggest daily loss in 2018 worth 15 billion pounds recorded by the Egyptian stock exchange

Media In / Agencies / Cairo

The Egyptian stock market ended its trading today on collective declines affected by the declines in the global financial markets following one of the biggest losses recorded by Wall Street amid selling by Arab and foreign investors and local funds.
The market capitalization of the listed companies lost about LE 15 billion at the close of the day to close at LE 841.2 billion against LE 2.856 billion yesterday, the biggest daily losses since the beginning of the year, with a total turnover of LE 1. 420 billion.
The main index of the stock market, “Eiji X 30” fell by 1.63% to reach the level of 987,717 points, and the index of small and medium shares, “Eiji X70” by 2.44% to reach the level of 838.6 points, including the declines of the broader index “EGX-100, which fell by about 99 To reach the level of 22.2 points.
Brokers in the stock exchange pointed out that the decline recorded by Egyptian shares is unjustified and comes within the psychological impact of investors on the performance of international markets, expecting the pace of recovery of Egyptian stock indexes in light of the positive expectations of the economy.