Business

Stock market suffers collective drop

Egyptian stock market indexes on Tuesday dipped collectively amid sales by foreign institutions and investment funds.

Stocks lost nearly LE5.4 billion, bringing the market capital of registered stocks to roughly LE368.9 billion, down from LE374.33 billion on Monday.

The main index, EGX 30, recorded a drop of 2.17 percent to 5040.65 points.

Meanwhile, the mid- and small-cap index, EGX 70, went down by 1.1 percent to 493.07 points. Price index EGX 100 lost 1.57 percent, and now stands at 825.64 points.

Translated from Al-Masry Al-Youm

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