By: Ahmed Allam
Cairo – Mubasher: The Egyptian Exchange’s (EGX) trading value surged 50.3% since the Egyptian pound flotation in November 2016 until December 2018, the Egyptian bourse’s chairman said on Thursday.
The EGX’s traded value amounted to EGP 778 billion from November 2016 to December 2018, up from EGP 518 billion since 2014 until October 2016, Mohamed Farid added on the sidelines of a press conference.
Over the course of the previous year, the benchmark EGX30 index fell 1,983.37 points, or 13.21%, to close 2018 at 13,035.77 points, after 43 billion shares were exchanged at a turnover of EGP 188 billion.
Since January 2018, the bourse’s market capitalisation decreased by EGP 75.2 billion to EGP 749.7 billion from EGP 824.91 billion.
Translated by: Mohamed Hesham Azab
