Egypt equities lose LE15.6bn in February

Egypt’s market main index EGX30 incurred losses of 5.2 percent in February, and market capital lost LE15.6 billion ( US$2.04 billion) to hit LE511.56 billion, the Egyptian Exchange data showed.
Meanwhile, the small and mid-cap index EGX70 and the broader index EGX100 declined by 3.2 percent and 2.7 percent respectively.

Unrest since longtime autocrat Hosni Mubarak’s overthrow four years ago has battered the Egyptian economy.

The vital tourism industry is a shadow of its former self and foreign investors have been hesitant to commit to what they once considered a promising emerging market.

The government has invited business delegations and heads of state from around the world to attend an investor conference in March.