Cairo – Mubasher: EGX indices were collectively dragged lower at the closing of Sunday’s trading session on the repercussion of UK divorce from the European Union.

The main index EGX30 has registered the steepest decline since mid-January 2015 after shedding 5.54%, or 401.70 points, to the mark of 6,851.61 points.

Moreover, all blue-chip stocks ended in the red territory, particularly GB Auto, Qalaa Holdings, and Oriental Weavers  after losing 11.3%, 8.4%, and 8.4% correspondingly.

The largest EGX30 constituent saw a slide of 2.16% to EGP 40.69 with a market turnover of EGP 85.6 million.

Meanwhile, the only EGX30 gainer was Beltone holding that was motivated by the two lawsuits submited against the chairmen of the Egyptian Exchange and the Egyptian Financial Supervisory Authority regarding repeated trade halts on the stock.

Its stock rose by 3.7%, registering a market turnover of EGP 652,500 after 82,800 stocks were traded in 114 transactions.

On the same negative note, the small and mid-cap EGX70 slipped 2.67% to 338.73 points.

The broader index EGX100 dipped 3.27% to 722.37 points.

The equal-weighted index EGX50 skidded 5.82% to the mark of 1,210.73 points.

Egyptians and Arab investors were net sellers by EGP 25.3 million and EGP 966,400 respectively, while foreign investors were net buyers by EGP 26.3 million.

By category, all institutions, save as the foreign ones, tended to sell their stocks at EGP 24.7 million, while individuals were net buyers.

Market capitalization lost EGP 16.3 billion ($1.8 billion) to close at EGP 376.36 billion against EGP 392.66 billion on Thursday.

With 200.4 million shares changing hands, market turnover reached EGP 534.9 million.

Out of 163 traded stocks, 123 ones moved down; 12 went up; and 28 stayed at their previous levels.

The top gainers were El Wadi for Touristic Investment (+3.39%), Golden Coast Company (+3.23%), and Medical Packaging Company (+2.53%).

On the flip side, TransOceans Tours, GB AUTO, and   North Africa for Real Estate Investment led the loser with a fall of 14.29%, 12.10%, and 9.84% respectively.