Egypt Zones accountACCOUNT

ESE Loses LE10 bn

Source: www.export-egypt.com  11/19/2012, Location: Africa

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The Egyptian Stock Exchange (ESE) lost on 18/11/2012 trading about ten billion Egyptian pounds on the backdrop of incidents at the local and regional levels including the latest developments in Gaza and the Assuit train-bus crash as well as the consecutive withdrawal of members of the constitution's Constituent Assembly. The bourse's loses were prompted by sales by foreign and local institutions. The market capital stands now at LE377.7 billion. The EGX 30 benchmark index was down by 3.25 percent at 5,478.37 points. The boarder EGX 70 index of the leading smaller and mid cap enterprises (SME) went down by 3.66 per cent, reaching 497.52 points. The overall EGX 100 index followed suit with 3.38 per cent, taking the index down to 827.47 points.

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