Egyptian Exchange Loses LE29.3 Billion, 3rd Highest Loss in History

The Egyptian Stock Exchange (ESE) recorded the highest third daily losses in its history at the closing of trading on Sunday with its market capital losing LE29.3 billion.
1M | 3M | YTD | 1Y | 2Y |
+7.13% | +28.50% | +69.22% | +70.39% | +114.54% |
Value Traded (Mln EGP) 5,302.58 |
Volume 1,283,141,869 |
Transactions 151,997 |
Market Cap. (Bln EGP) 1,767.87 |
The Egyptian Stock Exchange (ESE) recorded the highest third daily losses in its history at the closing of trading on Sunday with its market capital losing LE29.3 billion.
Egyptian private equity firm Citadel Capital plans to invest $4 billion or more in Egypt over the next three years and has an eye on infrastructure and energy-related projects, its chairman said on Tuesday.
Starting of Thursday 4 October, 2012, the Egyptian Exchange (EGX) will start applying the new mechanism to calculate closing prices after the successful update of the current trading system (X Stream OMX). This new system would increase the orders execution speed, in addition to some additional features.
The Egyptian Exchange (EGX) won the vice presidency seat in the Federation of Euro-Asian Stock Exchanges (FEAS) after elections held during the FEAS 18th General Assembly meeting 20-21 September 2012, Sofia - Bulgaria.