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Stock market sheds 23 billion pounds early
At the start of today's session, the market capitalization of the Egyptian stock exchange decreased by 23 billion Egyptian pounds amid escalating geopolitical tensions in the Middle East. The main index, EGX 30, declined by 0.66% to reach 53,271 points, while the other indices fell between 0.25% and 0.39%. This decline coincided with a fire at two liquefied gas ships at Damietta Port, which was caused by a drone attack, and specialized authorities are still investigating the circumstances. These developments come amidst heightened regional tensions and attacks on energy sector infrastructure.
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