Bourse plagued with losses in Jan

The Egyptian Exchange lost EGP 38.6 billion and its indexes were all down in January.

The capital market declined to EGP 391.1 billion compared to EGP 429.7 billion or 9 percent less than December.

During the course of the month, the benchmark index EGX 30 retreated 14.46 percent down to 5,993 points, said a monthly report issued by the Egyptian Exchange.

The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) declined 5.89 percent to 356 points.

The all-embracing EGX 100 index followed suit with 9.48 percent taking the index down to 716 points.