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Stock exchange drops 119B pounds early
The Egyptian Stock Exchange opened its sessions on Monday with significant losses, with its shares losing about 119 billion Egyptian pounds in the first half hour of trading. The EGX 30 index declined by 2.68%, reaching 51,940 points. Similarly, the EGX 70 decreased by 3.57%, and the EGX 100 by 3.18%. Geopolitical tensions continued to impact performance negatively, forcing the exchange to halt trading on more than 20 stocks for 10 minutes after they exceeded the allowed drop percentage, including companies such as Foodico, E-Finance, and Juki Egypt.
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