The Egyptian Exchange (EGX) lost about 16.3 billion pounds in mid-day trading on Thursday driven by sales by Egyptian and Arab investors.

The main benchmark EGX 30 index went down by 3.26 percent reaching 1,2867.13 points.

The broader EGX 70 index of the leading small and medium sized enterprises (SMEs) decreased by 2.74 percent recording 462.76 points. 

The overall EGX 100 index also went down by 2.82 percent reaching 1,129.68 points.