Cairo – Mubasher: The Egyptian Exchange started Sunday in the red territory as the main index lowered 100.5 or 0.8% to 12,706.24 points by 10:12am Cairo local time (CLT) on individual sales.
Likewise, the small and mid-cap index EGX70 went down 0.2% to 459.9 points.
The equal-weighted index EGX50 and the broader index EGX100 fell 0.7% and 0.2% to 1937.7 and 459.9 points, respectively.
Trading value stood at EGP 74.4 million after 21.2 million shares were traded by 10:17am CLT.
Nationals were net sellers by EGP 3.1 million, while Arabs and foreigners were net buyers by EGP 2.8 million and EGP 327,000 respectively.
By category, individuals were net sellers by EGP30 million, institutions were placed as buyers.
The largest EGX component opened 0.22% higher to EGP 75.99, recording transactions worth EGP 3.3 million.
MubasherTrade Research said, “The index declined sharply closing at 12,806, the current correction wave may be extended towards 12,550.”
