Cairo – Mubasher: The Egyptian Exchange (EGX) indices retreated collectively on Sunday, while the market capitalization shed EGP 2.4 billion amid selling pressures by Arab investors.
The benchmark index EGX30 slide 0.79% or 62.84 points to close at 7,916.41 points, while the small and medium caps index EGX70 lost 1.44% to 351.43 points.
The broader index EGX100 eased 1.07% to 799.95 points. Similarly, the weighted index EGX50 slipped 0.88% to 1,338.98 points.
The market capitalization lost EGP 2.4 billion reaching EGP 410.3 billion.
Arab investors were net sellers with EGP 20.6 million, while local and foreign investors were net buyers with 2.7 million and EGP 17.9 million respectively.
EGX30 heavyweights with the likes of TMG Holding, and CIB dragged the index down as each plunged 4.4%, and 0.6%, respectively. Among the day’s worst performers were Telecom Egypt, Porto Group, and Amer Group as each fell 4.1%, 3.7%, and 3.5%, respectively.
On the flip side, the benchmark index’s top gainers were Global Telecom, up 1.7%, EFG Hermes, up 0.6%, and GB Auto, up 0.5%.
The market witnessed 98 million shares changed hands worth EGP 275.5 million.
Out of 170 stocks traded today, decliners outnumbered advancers by 92 to 25, while 53 stocks remained unchanged.
