By: Heba El-Kordy
Cairo – Mubasher: The Egyptian Exchange (EGX) ended the first quarter of 2020 on a negative note, pressured by fears over the outbreak of the new coronavirus (COVID-19).
The benchmark EGX30 index plunged by 26.25% to close at 9,593 points during the January-March period.
Meanwhile, the EGX70 EWI fell by 21.48% to 9,94.9 points, while the broader EGX100 index dropped by 26.26% to 1,030 points.
Similarly, the EGX50 index plummeted by 31.46% to close at 1,348 points over the course of the three-month period ended 31 March.
The market cap dwindled by EGP 175.39 billion to EGP 532.874 billion in Q1-20, losing EGP 134 billion in March alone.
