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EGX loses EGP 12.17bn in market cap in September

EGX loses EGP 12.17bn in market cap in September
The benchmark EGX30 index slid by 3.3% to register 10,989 points

Cairo – Mubasher: The Egyptian Exchange (EGX) lost a total of EGP 12.17 billion in market cap during September with the benchmark EGX30 index sliding by 3.3% to register 10,989 points in September, compared to 11,365 points in August.

Over the course of the month, the small- and mid-cap EGX70 EWI climbed by 8.37% to 2,003 points from 1,848 points in August.

In the meantime, the EGX100 EWI advanced by 4.8% to 2,896 points, while the EGX50 EWI added 0.72% to 2,059 points.

The market cap value retreated by EGP 12.17 billion to stand at EGP 618.716 billion.

During the month, the EGX approved a request to delist the 400 million shares of the Egyptian Company for International Touristic Projects (Americana Egypt) at a nominal value of EGP 1 per share.