Egypt's bourse loses 14 billion pounds in 1st 2 minutes

Egypt's indices sharply went down at the beginning of the trading session on Sunday prompted by the negative effects of Britain's exit from the European Union (EU) on the world money markets.

The market capital lost 14 billion pounds in the first two minutes of the session to hit 378.2 billion pounds against 392.2 billion pounds.

The main benchmark EGX 30 index went down 5.2 percent reaching 6876,16 points.

The broader EGX 70 index of the leading small and medium sized enterprises (SMEs) was down by 2.5 percent recording 339,6 points.

The overall EGX 100 index was down 3.1 percent reaching 723,54 points.