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Egypt's exchange sees negative performance in May
(MENAFN) The Egyptian Exchange (EGX) was revealed to have seen the worst losses in eighteen months, amid a surge of correction that came after the main index increasing to new all-time highs.
The benchmark index EGX30 has recorded a 10.28 percent decline in May, closing at 16,414.53 points, losing a shocking 1,881.04 points.
Egypt's traded values were also said to have stood at 18.7 billion pounds, with volumes accounting to 3.6 billion shares.
The market cap also witnessed a drop by 75.8 billion pounds, reaching 930.39 billion pounds, from 1.006 trillion pounds in April.
The benchmark index EGX30 has recorded a 10.28 percent decline in May, closing at 16,414.53 points, losing a shocking 1,881.04 points.
Egypt's traded values were also said to have stood at 18.7 billion pounds, with volumes accounting to 3.6 billion shares.
The market cap also witnessed a drop by 75.8 billion pounds, reaching 930.39 billion pounds, from 1.006 trillion pounds in April.
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