Egypt's stock market has witnessed heavy loses of LE13.8 billion (US$1.8 billion) again during the mid-session of trade on Sunday, as stocks were sold across the board.
The main EGX30 index, the small and mid-cap EGX70 index and the broader EGX100 index fell sharply 5.12 percent, 4.99 percent and 3.84 percent, respectively, at 12:00 am Cairo time.
The turmoil in global equity markets has also hit investor confidence in Cairo, Reuters said in report.
Last week, the EGX market capital lost LE41 billion as all indexes plunged.
Experts attributed the collapse to the economic conflict between China and the United States, unstudied government decisions vis-a-vis investors, the drop in oil prices and the decline of the Chinese currency, expecting a slowdown in the global economy, according to Al-Masry Al-Youm.
