Cairo – Mubasher: The Egyptian Exchange (EGX) closed Sunday’s trading session on a negative note, with its benchmark EGP30 index falling by 783.96 points, or 5.32%, registering the steepest drop since June 2016, to close at 13,958 points, its lowest level since 7 August 2019.
Meanwhile, the small- and mid-cap EGX70 index retreated 5.66% to 509.02 points, while the broader EGX100 index went down 5.68% to 1,358 points.
Likewise, the equal-weighted EGX50 index slid by 6.88% to close at 1,966 points.
Market capitalisation dipped EGP 35.72 billion to close at EGP 702.3 billion on Sunday from EGP 738.02 billion on Thursday.
Porto Group Holding headed decliners and plunged by 13.84%, followed by Alexandria Mineral Oils Co (AMOC) and Pioneers Holding Company which tumbled by 11.89% and 10%, respectively.
Earlier on Sunday, the EGX suspended all trading activity for 30 minutes for the first time since November 2016 following a fall of 5% in the EGX100 index.
Trading was resumed at 13:12 Cairo time.
