Egypt's bourse incurs limited losses

The Egyptian Exchange (EGX) incurred limited losses at the beginning of today's trading, ignoring fears of today's massive planned protests by both supporters and opponents of President Mohamed Morsi marking the end of the latter's first year in office. The market capital lost up to EGP 200 million to reach EGP 319.3 billion. The benchmark EGX 30 index declined slightly 0.41 percent to close at 4,666.08 points. The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) slipped 0.54 percent to 356.40 points. The all-embracing EGX 100 index followed suit with 0.47 percent, taking the index down to 636.65 points. Meanwhile, the current EGX chairman Mohamed Omran told MENA that he met with brokers today to assure them that the bourse will monitor the market's performance to prevent any manipulation.