The Egyptian Exchange lost EGP 38.6 billion and its indexes were all down in January.

The capital market declined to EGP 391.1 billion compared to EGP 429.7 billion or 9 percent less than December.

During the course of the month, the benchmark index EGX 30 retreated 14.46 percent down to 5,993 points, said a monthly report issued by the Egyptian Exchange.

The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) declined 5.89 percent to 356 points.

The all-embracing EGX 100 index followed suit with 9.48 percent taking the index down to 716 points.