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Egypt Stock Exchange Closes Record Low
Despite the Egyptian Exchange closing at a record low, trading sessions saw a significant rise in market indicators, with the "EGX30" index jumping by 1.06% to reach 56,270 points. Meanwhile, the mid and small-cap indices, "EGX70" and "EGX100," increased by 0.37% and 0.55%, respectively. However, at least one stock experienced a substantial decline of about 20%, particularly in sectors such as hotels and tourism establishments, which saw sharp drops. Despite these fluctuations, the market traded 2.98 billion shares valued at over 14 billion Egyptian pounds, with transactions on 225 stocks—127 of which rose and 87 declined.
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