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Stock Exchange Extends Losses on October 19

Stock Exchange Extends Losses on October 19

Egyptian stock market indices experienced a sharp decline at the start of trading today, Monday. The main index, EGX 30, fell by 1.83% to reach 49,964 points. The small and medium-sized companies index, EGX 70, declined by 2.41% to 16,849 points, while the EGX 100 index decreased by 2.62% to 22,586 points. Last week, the main index was down by 1.86%, with the EGX 70 dropping 6.16%, and the EGX 100 decreasing by 5.39%. The reasons for these declines are attributed to ongoing tensions and fluctuations in the markets, which have led to deteriorating performance. Expectations indicate that pressure on the market is likely to continue in the coming period.

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