Egypt

Egypt stock market loses around LE40 billion in June

The Egyptian stock market lost LE39.8 billion in June, with its market capital dropping by 11 percent from LE361.4 billion in May to LE321.6 billion in June.
 
The EGX30 Index, the main index in the stock market, decreased by 12 percent to 4752 points, the EGX70 index slipped by 18 percent to 360 points, the EGX20 capped index dropped by 15 percent to 5210 points, and the EGX100 was down by 15 percent 642 points.
 
According to the monthly stock market report, the total value of trading in June registered LE10.8 billion and the volume of trading consisted of around LE1.6 million securities in 267,000 transactions, compared to a value of trading of LE10 billion and a volume of trading of 1.2 million securities in 265,000 transactions in May.
 
The Nile stock market registered a value of trading of LE8.5 million and a volume of trading of 3.5 million securities in 1,600 transactions during the week.
 
Egyptians accounted for 68 percent of the trading, non-Arab foreigners for 24.3 percent, and non-Egyptian Arabs for 7.6 percent. The net purchases of non-Arab foreigners registered LE251 million during the month of June, while the net purchases of Arabs registered LE170 million.
 

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