Egypt Stock Exchange lost US$6 billion so far in September

The Egyptian Stock Exchange registered during the last 10 sessions its worst performance since the crash following the global crisis in 2008. The bourse lost over these 10 sessions about 36 billion pounds (some US$6 billion) of its value.

Financial experts claim the bourse had suffered during the last ten sessions from the ongoing calls to organize mass protests and strikes. All of these had an adverse impact on the investors who rushed to sell their equities.

As a result, the stock exchange market capitalization lost 36.1 billion pounds, or 9.6% of its value. On September 4, the market cap amounted to 384 billion pounds but last Thursday it declined to 347.1 billion pounds.