Violent sales raised the weekly losses of the Egyptian Stock Exchange to about 44 billion pounds, with a collective decline in all indicators, amid continued pressure on the Egyptian currency against the US dollar, and anticipation of a new decrease in the price of the pound against the dollar.
According to the weekly report of the Egyptian Stock Exchange, the market capitalization of listed companies’ shares declined by 3.87%, losing about 44 billion pounds, after the market capitalization fell from the level of 1136 trillion pounds at the close of trading last week to the level of 1092 billion pounds at the close of trading this week.
The market capitalization of the main index shares fell from 685.3 billion pounds to 661.6 billion pounds, a decrease of about 3.5%. The capital for the index of small and medium stocks decreased from 221.7 billion pounds to 209.7 billion pounds, a decrease of 5.4%. The market capitalization of the broader index shares declined from 907 billion pounds to 871.3 billion pounds, a decrease of about 3.9%.
In terms of indices, the main index “EGX30” declined by 3%, losing about 525 points, after falling from the level of 17,270 points in the closing of trading last week, to the level of 16,745 points in the closing of trading this week.
The “EGX50” index decreased by 3.25%, losing about 102 points, after falling from the level of 3137 points to about 3035 points. The “EGX30 weighted” index declined by 3.46%, losing about 718 points, after falling from the level of 20,744 points at the close of trading last week, to about 20,026 points at the end of this week’s trading.
The “EGX30 total return” index declined by 2.7%, losing about 194 points, after falling from the level of 7198 points at the close of trading last week, to about 7004 points at the end of this week’s trading. The index of small and medium-sized companies, “EGX 70 of equal weights,” decreased by 3.2%, losing about 99 points, after falling from the level of 3061 points to about 2962 points.
Finally, the broader index “EGX 100 of equal weights” declined by 3.1%, losing about 144 points, after falling from the level of 4641 points at the end of last week’s trading to about 4497 points at the end of this week’s trading.
The total trading value on the Egyptian Stock Exchange rose to 22.4 billion pounds during the past week, while the volume of circulation amounted to about 2.864 billion papers executed on 379 thousand transactions, compared to a total trading value of 13.3 billion pounds, and the volume of circulation amounted to 3.260 billion papers executed on 374 thousand transactions. during the past week.
Listed stocks accounted for 76.71% of the total trading value inside the booth, while the trading value of bonds represented about 23.29%.
