Egyptian Exchange loses EGP7.9bn
Egyptian Exchange
Cairo - MENA
The Egyptian Exchange (EGX) indices went down on Tuesday on the back of intensive share sales by Egyptian investors and local investment funds as the Capital Gains Tax (CGT) crisis persists.
The market capital lost about 7.9 billion pounds to reach 488.3 billion after transactions worth 707 million.
The main benchmark EGX 30 index went down by 1.92 percent, reaching 8,330.52 points.
The broader EGX 70 index of the leading small and medium sized enterprises (SMEs) dropped by 3.09 percent, recording 460.36 points.
The all-embracing EGX 100 index was down 2.2 percent, reaching 941.58 points.
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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