The Egyptian Exchange closed on Monday with huge losses amounting to EGP 12 billion and its indexes were all down as the shares of Emaar Misr for Development continued plummeting on their second trading day, disappointing investors.

The capital market hit EGP 484.1 billion after transactions reached EGP 1.03 billion.

The benchmark index EGX 30 dropped 4.23 percent to 7,870.78 points, its lowest figure in 12 months.

The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) declined 3.08 percent to 425.02 points.

The all-embracing EGX 100 index was down 2.81 percent taking the index to 902.56 points.