Egyptian bourse loses 40bn pounds in November

The Egyptian Exchange (EGX) lost about 40.1 billion pounds in November, bringing the market capital down from 453.1 billion pounds in earlier month to 413 billion, a decline of 8.9 percent, according to a monthly report of the bourse.

The main benchmark EGX 30 index went down 15.33 percent to 6,357 points.

The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) declined 13.4 percent to 344 points.

The all-embracing EGX 100 index also decreased 13.66 percent to 736 points.

Trading value in November reached 19.8 billion pounds against 18.6 billion pounds in the month before, the report said.

Trading by Egyptian investors constituted 79.44 percent of the total transactions, followed by foreigners (14.92 percent) then Arabs (5.64 percent).