The Egyptian stock exchange's benchmark index EGX 30 dropped by 11.5 percent in the month of August, a bourse report said on Tuesday.
EGX 30 ended at 7,252 points by the end of August, the monthly report said. Similarly, the medium and small enterprises index EGX 70 and the broader EGX 100 index fell by 14.54 and 11.27 percent, respectively.
Last month, the Egyptian stock market witnessed a spate of nine consecutive retreats and dropped to its lowest point since December 2013. Eventually, the market rebounded at end of last week.
Multiple factors have affected the performance of Egypt's market throughout the past month, including both local business developments and global market unrest.
Analysts have told Aswat Masriya that the confiscation of Juhayna Chairman Safwan Thabet's assets has been one of the main factors contributing to downward movement in the market, so has the referral of Oriental Weavers to prosecutors for "monopolistic practice."
The Egyptian market has also been affected by retreating markets in the region, as well as the struggles in markets further away in the U.S. and Europe.
During the past month, Egyptian traders carried out a little over 87 percent of transactions, while the rest were carried by foreign traders, including Arabs, the report said.
