The Egyptian Exchange Loses EGP5.5bnSource: www.export-egypt.com 7/16/2012, Location: Africa |
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The Egyptian Exchange lost EGP5.5 billion on 15/7/2012 as stock speculators carried out wide share selling operations in a move to pressure other investors to sell after rises in shares have been recorded over the past weeks. The EGX 30 benchmark index dropped by 1.99 percent to close at 4719.01 points. The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) was down by 2.28 percent to 417.96 points. The all-embracing EGX 100 index drew back by 2.04 percent taking the index down to 719.66 points.
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