Staff report: CAIRO, September 16, 2018 - The Egyptian Exchange dropped sharply during Sunday's trading session, with its main index EGX30 falling 3.6 per cent to end the session at 14,755.63, the lowest close since January 2017. The drop in the Egyptian stocks goes back to local news: a previous manipulation case in the Egyptian National Bank's shares and the international news reports on the rise of the Turkish interest rates to 24 per cent from 15 per cent. The small and mid-cap index EGX70 dipped 1.23 per cent reaching 733.61 points, and the broader index EGX100 inched down 1.87 per cent, closing at 1,864.51 points. Market capitalisation lost LE24.6 billion, recording LE825 billion.
