EGX ends November on mixed performance

Cairo - Mubasher: The Egyptian Exchange (EGX) showed a mixed performance in in November, with more companies announcing their financial results for the third quarter of the year.

The benchmark index EGX30 lost 0.5% and settled 13,319.50 points, increasing its year-to-date losses to 11.3%.

The small and medium sized enterprise index EGX70 declined by 1.98% and closed at 681.59 points.

The broader index EGX100 fell 1.8% to 1,706.79 points.

Meanwhile, the equal-weighted index EGX50 rose by 3.7% to 2,185.19 points.

Market cap lost EGP 879.8 million and reached EGP 750.7 billion.

Rising pressures on emerging markets led EGX to lose more than 5,000 points, a survey by Mubasher showed.

Capital Economics expects EGX30 to reach 17,900 by the end of the year.

Mubasher Contribution Time: 29-Nov-2018 21:25 (GMT)
Mubasher Last Update Time: 29-Nov-2018 21:25 (GMT)