CAIRO — The Egyptian Stock Exchange (EGX) has been incurring severe losses in 2019, as the Jan. 17 session closed down 3.5 billion Egyptian pounds (around $195 million).
On Dec. 22, several newspapers reported that net transactions on the EGX also revealed heavy losses during 2018, with a market capitalization drop of around 80 billion Egyptian pounds ($4.5 billion), or about 9.7% of the exchange's total market capital of 825 billion pounds ($46 billion) as of December 2017.