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The Egyptian Exchange has cut down its losses in the end of Q2 of 2012 to reach EGP22.7 billion after the announcement of Mohamed Morsi the winner of the presidential elections. The performance of stock indexes has declined in April and May due to the unstable political scene back then with the stock capital losing EGP25.6 billion.
During Q2 of 2012, the benchmark index EGX 30 retreated 6.18 percent down to 4,709 points, said a quarterly report issued by the Exchange. The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) fell 6.84 percent to 422 points. The all-embracing EGX 100 index followed suit with 7.83 percent taking the index down to 730 points.
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