The Egyptian Exchange (EGX) lost 9.6 billion pounds at the end of week driven by the intensive sales by investment funds, local and international institutions.

The benchmark index EGX 30 dropped by 2.62 percent to 8,303.37 points.

The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) declined by 3.12 percent to 439.7 points.

The all-embracing EGX 100 index followed suit with a 2.23 percent decline, taking the index down to 923.41 points.

This came after fears that the Morgan Stanley Foundation might remove the EGX from its index of emerging markets in December review.