Market cap drops EGP 11 bln as EGX's indices slide

Ahram Online , Thursday 6 Apr 2023

On Thursday, the Egyptian Exchange (EGX) closed in the red, leading to an EGP 11 billion drop in market cap.

File Photo: The Egyptian Exchange (EGX). Al-Ahram


The benchmark EGX30 index dropped by 1.82 percent, closing at 16709.28 points, while the small- and mid-cap EGX70 index (EWI) declined by 0.35 percent and ended the session at 2945.58 points.

Additionally, the EGX100 index slipped by 0.55 percent to close at 4420.09 points, while the EGX50 index decreased by 0.62 percent, standing at 2891.93 points. Trading volume amounted to 407.816 million shares traded through 60,327 transactions at a turnover of EGP 1,549 billion.

Investors are advised to closely monitor the market trends and make informed decisions. Despite the recent dip in the EGX, there are opportunities for growth in various sectors.


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