The management company of the Egyptian Stock Exchange reported that the trading system was temporarily stopped due to a technical failure, and work is underway to eliminate it.

Denial of Cyberattack Rumors

In a statement, EGX management denied rumors of a cyberattack on EGX’s servers.

Working on a Resolution with Nasdaq Foundation

The Egyptian Stock Exchange said it is currently in communication with the Nasdaq Foundation team to resolve the issue and we will keep you updated.

Drop in EGX Indices

The dynamics of the Egyptian Stock Exchange indices fell in the middle of Monday’s trading session, and the main EGX30 index fell by 0.25% to 17,696 points.

The EGX70 SMEs fell 0.29% to 3627 and the EGX100 fell 0.17% to 5325.

Market Capital and Trading Turnover

The market capital of the listed shares was £1.151 trillion, with Egyptian and Arab investors typically buying at net worth £43.6m and £2.96m respectively, while foreigners intended to sell at net worth around £46.6m. .

The total turnover amounted to about 1.03 trillion pounds, and the number - 570.5 million securities, executed on 41.4 thousand transactions.

EGX Indices Begin Trading with Increase

And the indices of the Egyptian Stock Exchange today, on Monday, began trading with a collective increase, and the main index EGX30 rose by 0.14%, fixing 17,764 points.

Source

Source: RT