Egyptian Exchange, the main Egyptian financial market based in Cairo, recorded a loss estimated at EGP 75.2 billion ($4.12 billion) in 2018.

On December 31, 2018, its market capitalization was EGP749.7 billion while a year earlier, it was EGP824.9 billion.

This negative performance was also observed for the three main indexes of the exchange. The EGX 30, the index of the thirty most important companies (by market capitalization) of this exchange, lost 13% while the EGX 70 lost 16.17% and the EGX 100, 12.4%.  

Today, January 2, 2019, which is the first trading day this year on the exchange, Egyptian and Arab investors expressed their reserves by being transferors of about EGP16.2 million. Non-Arab foreign investors seem to have detected growth opportunities since they were the transferees of the operations.

Idriss Linge