Egypt bourse loses EGP 2.2bn in week

The Egyptian Exchange closed this week with losses amounting to EGP 2.2 billion and its indexes were all down.

This week had only three trading sessions due to vacations on the second anniversary of the June 30 revolution and the start of the new fiscal year 2015/2016.

The capital market declined to EGP 483.9 billion, 0.4 percent less than the week before.

During the course of the week, the benchmark index EGX 30 retreated 1.09 percent down to 8,315 points, said a weekly report issued by the Egyptian Exchange, of which MENA received a copy.

The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) declined 0.99 percent to 442 points.

The all-embracing EGX 100 index followed suit with 0.81 percent taking the index down to 937 points.