Cairo - Mubasher: The Egyptian Exchange (EGX) witnessed a negative performance in May, amidst a strong correction wave that followed the main index surging to new all-time highs in previous months.
The benchmark index EGX30 ended an eight-month rising streak and ended May in losses, dropping 10.28%, its highest weekly decline since January 2016, closing at 16,414.53 points, losing a staggering 1,881.04 points.
Traded values reached EGP 18.7 billion, with volumes amounting to 3.6 billion shares.
Meanwhile, the market cap went down by EGP 75.8 billion to EGP 930.39 billion, compared with EGP 1.006 trillion by the end of April.
The small and medium enterprise index EGX70 fell 3.94%, and ended May at the level of 842.66 points, while the broader index EGX100 plunged 7.31% to 2,138.24 points.
Similarly, the equal-weighted index EGX50 decreased by 8.32% to 2,819.74 points.
Egyptian and Arab investors were net sellers at EGP 3.5 billion and EGP 202 million, respectively, while foreign investors were net buyers at EGP 3.7 billion.
