Egypt bourse loses EGP 5.2bn, index down to lowest level in 2 years

The Egyptian Exchange (EGX) indices closed down on Tuesday to its lowest level in two years, amid fears of the consequences of downing a Russian warplane on the Syrian-Turkish border and the Arish terror attacks.

The market capital lost about EGP 5.2 billion to hit EGP 413.4 billion, after transactions of EGP 450 million.

The main benchmark EGX 30 index went down by 2.01 percent reaching 6,321.39 points.

The broader EGX 70 index of the leading small and medium sized enterprises (SMEs) dropped by 0.97 percent recording 350.08 points, touching the lowest level in its history that was recorded last week when it stood at 349.9 points.

The overall EGX 100 index was down 1.8 percent reaching 748.83 points, the lowest number in 30 months.