EGX loses 158B Egyptian pounds
The performance of the Egyptian Exchange (EGX) declined significantly over the week, with the market capitalization of listed companies decreasing by approximately 158 billion Egyptian pounds, or 3.6%, bringing it to 4.238 trillion pounds. The main index, "EGX 30," also dropped by 3.10%, closing at 53,776 points. The "EGX 70" index fell by 5.82%, and the "EGX 100" index declined by 5.23%. The only indicator to record an increase was the Treasury bonds index, which rose by 0.26%. The stock exchange witnessed an expansion in sales by Arab and foreign investors relative to Egyptian buyers, with expectations of three new offerings soon.
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