Cairo – Mubasher: The Egyptian Exchange finished Monday’s trading session in the red territory,
The benchmark index EGX30 decreased 204.9 points or 1.8% to the mark of 11,426.5 points.
Market capitalization lost EGP 8.2 billion to close at EGP 567.6 billion.
The index is moving sideways between 11,030 and 11,700 points, said market analyst Ahmed Al-Bagory, expecting the mid-week session to start in red, but to recover and steady in the second part of the session.
The small and mid-cap index fell 1.71% to 459.6 points. The broader index EGX100 declined 1.66% to 1,077 points.
The equal-weighted index EGX50 was lower 1.99% to 1,863.1 points.
Trading value reached EGP 1.5 billion after 587 million shares were traded.
The largest EGX30 constituent CIB went down 2.15% to EGP 68.34 with a trading value of EGP 159.5 million.
Orascom Telecom was the most active in terms of value after recording EGP 175.6 million. The stock quote slid 9.89% to EGP 0.82 after the Egyptian billionaire and business tycoon Naguib Sawiris resigned from his duties as the managing director of the company, effective 1 January 2017
Egyptians and Arabs were net sellers by EGP 78.4 million and EGP 2.6 million respectively, while foreigners were net buyers by EGP 80.96 million.
By category, institutions were sellers by EGP 57.9 million, while individuals were placed as buyers.
Out of 182 stocks, 24 moved up; 137 went down; and 21 stayed at their previous levels.
