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Market drops 231bn pounds consider your moves
During September, the Egyptian stock market experienced a collective decline in its indices, with the market capitalization of listed shares decreasing by approximately 231 billion Egyptian pounds to reach 4,056.4 billion pounds. The EGX70 EWI index dropped by 10.85%, and the EGX100 EWI index declined by 9.12%. Reports advised investors to regularly review their goals and investment plans, avoid being swayed by rumors or short-term fluctuations, and emphasized the importance of monitoring the market over the long term and understanding the factors influencing price movements before making buy or sell decisions. On the other hand, small and medium-sized stocks experienced the largest decrease, with a market value decline of 22%.
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