Cairo – Mubasher: The Egyptian Exchange (EGX) concluded Sunday the first trading session of the week, at a decline following pressure from Arab and foreign investors’ selling.
The benchmark EGX30 index fell by 0.81% or 103 points and closed at 12,549.17 points, while the EGX70 index slipped 0.34% to 494.61 points, and EGX100 lost 2.57% and ended at 1,188.78 points.
The equal-weight EGX50 slipped 0.34% to 1,951 points.
Turnover reached EGP 716.4 million after 208 million shares changed hands.
Domty’s stock led falling blue chips, after sliding 6.61% to EGP 8.62, while Arabian Cement – Egypt and Heliopolis Housing retreated 4.7% and 4.02%, respectively.
The EGX’s heaviest weighted stock Commercial International Bank – Egypt (CIB) declined by 1.94% to EGP 75.65, with turnover on the stock reaching EGP 29 million.
On the other hand, Arab Cotton Ginning topped gainers, adding 5.62%, followed by Cairo Oils and Global Telecom, which increased by 4.15% and 4.11%, respectively.
Egyptian investors were mostly buyers on Sunday, netting EGP 3.23 million, whereas Arab and foreign investors’ net sales reached EGP 448,400 and EGP 2.7 million, respectively.
The EGX30 index last closed Thursday in the green, adding 1.64% or 203.6 points and reaching 12,651.97 points, after five straight losses.
