Egypt’s stock market loses US$5.1 billion in November

Egypt’s stock market incurred heavy losses worth US$5.1 billion in November as the country’s main stock index EGX30 dived by 15.3 percent during one month of trading to close at 6,357 points.

The mid- and small-cap index, the EGX70 and the broader index EGX-100, pushed down by more than 13 percent in November.

Furthermore, market capitalization lost 40.14 billion Egyptian pounds (US$5.1 billion) and ended at LE413 billion at the end of November’s sessions, compared to 453.14 billion by the end of October’s sessions.

Egypt market capitalization lost LE87.02 billion during the first 11 months of 2015, with the EGX30 losing 28.8 percent year-to-date.