CAIRO: The Egyptian Exchange (EGX) lost ground at the close of Thursday’s session, after the Central Bank of Egypt depreciated the pound amid speculations of further devaluation next week.
The benchmark index EGX30 dipped 0.97 percent to end at 7,594 points, compared to 7,669 points on Tuesday. The EGX was shut on Wednesday in observance of Islamic New Year.
Similarly, the small and mid-cap index EGX70 fell 0.9 percent to end at 395 points, compared to 398.5 points in its last session.
The broader index EGX100 also declined 0.57 percent to close at 854 points.
Market capitalization shed around 3 billion EGP ($378.3 million,) totaling 454.8 billion EGP, compared to457.8 billion EGP in the previous session.