Cairo – Mubasher: The Egyptian Exchange initiated Sunday’s trading session in the red zone as some blue-chip stocks dragged the benchmark (EGX30) lower.
By 10:17am Cairo time, the main gauge fell 82.8 points, or 1.07%, to the mark of 7,673.5 points.
The largest EGX30 constituent CIB declined by 1.7% to EGP 43.5 by 10:17am Cairo time.
OTMT also fell by 4.3% to EGP 0.66 by 10:18am Cairo time.
The small and mid-cap EGX70 opened lower 0.11% to 372.8 points. Similarly, the broader index EGX100 slipped by 0.21% to 790.2 points.
Arab and foreign investors were net sellers by EGP 8.7 million and EGP 1.5 million respectively, while Egyptians were net buyers by EGP 10.2 million.
Trading value reached EGP 41.04 million after 30.4 million shares were traded.
Earlier, analysts expected EGX to run bullish during the first trading session this week with as its benchmark may hit the mark of 7,820 points today and stand at 8,000 points by the end of the week.
