Egypt’s Stock Market Loses EGP 170.8 Billion as Trading in 147 Stocks "Suspended"
5 Articles
5 Articles
The Egyptian exchange suffered severe losses during Sunday's dealings, which prompted the suspension of trading for half an hour for the first time since October 2021, after the decline of the index for small and medium-sized enterprises (IGEX70) by 11 per cent, the index for IGEX100 by 10 per cent and the main index for IGEX 30 by 3.6 per cent.
Egypt Halts Stock Trading as Market Loses EGP171bn
First market-wide suspension since 2021 follows a 10% plunge in EGX100, while the pound’s accelerating depreciation deepens pressure on equities. Banque du Caire’s offering attracts fresh demand despite the sell-off. CAIRO, Egypt’s stock exchange suspended trading for 30 minutes on Sunday, October 25, for the first time since 2021 after its broad-market EGX100 index plunged […]
Egypt’s Stock Market Loses EGP 170.8 Billion as Trading in 147 Stocks "Suspended"
Egypt’s stock market suffered a broad-based sell-off on Sunday, with the market’s total capitalization falling by EGP 170.8 billion to EGP 3.778 trillion, down 4.32% from EGP 3.949 trillion at the close of trading on Thursday.
The Egyptian stock exchange experienced a wide decline just before the end of Sunday's dealings, with 216 shares falling from a total of 225 shares traded, while 107 shares lost more than 10% in an indication of the growing market's sales pressure.
News from Egypt: The Egyptian Stock Exchange stopped transactions for 30 minutes, following a strong fallout that hit market indicators during a session.
Coverage Details
Bias Distribution
- 100% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
