Egypt’s EGX 30 was rather on a downtrend during the first 5 months of this year. The index which encompasses the 30 largest companies listed on Egypt Stock Exchange, witnessed a large boost preceding the Sharm El Cheikh economic summit in March, only to go back downhill ending at 8,762.46 by June 8th, 2015. Many economic, financial and political events drove the index during this period, wiping out some of its early gains and leaving the index with a 2.5% gain since year start. The major events varied between country level economic news, to laws affecting the stock markets trades, and foreign currencies availability in Egypt.
Source:Bloomberg
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EGX 30 Index Performance Analysis