Egyptian market faces 111B pounds loss
The Egyptian stock market experienced significant losses during today's session, as market indices declined sharply due to selling pressure from foreign investors amid geopolitical tensions. This resulted in a loss of approximately 111 billion Egyptian pounds in market capitalization, which fell to 3.95 trillion pounds. The main index, EGX30, decreased by 3.03%, while the EGX70 dropped by 3.21%, and the EGX100 by 3.14%. Institutions were the most active in exerting pressure on the market, whereas Egyptian individuals contributed to injecting liquidity. Meanwhile, it has been noted that foreign investors played a primary role in the market declines.
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