Finance

Cairo, Egypt (Capital Markets in Africa):- Egyptian Exchange extended its bearish at end of today’s trading session.  The market capitalization ended at EGP 420.8 billion after sagging by EGP 7.8 billion (US$1 billion); relative to EGP 428.6 billion recorded at previous day trading session. The benchmark index EGX30 crashed by 1.92 percent or 130.03 points to end 6,654 points, extending its southward movement to reach lowest level since December 2013. The equal-weighted indexes EGX50 sagged by 4.45 percent or 53.65…

Cairo, Egypt (Capital Markets in Africa):- Egyptian Exchange continues to stay in the south region  The market capitalization ended at EGP 428.6 billion after sagging by EGP 18.46 billion (US$2.4 billion); relative to EGP 447.06 billion recorded at previous day trading session. The benchmark index EGX30 slid by 4.52 percent or 388.54 points to end 7,398.43 points, extending its southward movement for the fourth trading session in a row. The equal-weighted indexes EGX50 sagged by 5.89 percent or 75.42 points…

Cairo, Egypt (Capital Markets in Africa):- Equity trading on the Egyptian Exchange continued on its downward trend for the fifth consecutive session today.  The market capitalization ended at EGP 447.06 billion at the end of the days trading session. The benchmark index EGX30 fell by a further -0.94 percent or 68.14 points to end 7,172.63 points, extending its southward movement for the fifth trading session in a row to hit lowest levels in 18 months. The equal-weighted index EGX50 plunged by -0.90 percent or 11.67…