Cairo - Mubasher: A downwards trend dominating emerging markets and global bourses took its toll on the Egyptian Exchange (EGX) during October, leading to noticeable losses.
The benchmark index EGX30 dropped 9.3% or 1,366 points, as it closed at the level of 13,250.29 points, widening its year-to-date losses to 11.8%.
The small and medium sized enterprises index EGX70 went down by 2.38% to 695.38 points, while the broader index EGX100 lost 3.95% and closed at the level of 1,810.78 points.
The equal-weighted index EGX50 declined by 7.57% to settle at 2,105.76 points.
Market capital decreased by EGP 52.28 billion, to EGP 751.5 billion.
Our data show that the emerging markets crises cost EGX losses of a total 5,000 points.
Capital Economics expects the main index to reach 17,900 points by the end of the year.
