Cairo - Mubasher: The Egyptian Exchange (EGX) ended Monday’s trading session in red, with pressure from the selling activity of Egyptian and Arab investors.
The benchmark index EGX30 lost 1.79% or 234.5 points and closed at the level of 12,926.07 points.
Similarly, EGX70 declined 1.25% to 476.07 points, while the broader index EGX100 went down by 1.27% to 1,169.26 points.
Meanwhile, the equal-weighted index EGX50 closed at the lvel of 1,952.32 points.
The market cap lost around EGP 9.49 billion closing at EGP 620.7 billion.
Today, 30 blue chip stocks closed in red, led by Arabian Cement which dropped 9.99%, followed by Domty and Cairo Oils and Soap with 8.77%, and 9.2% respectively
On the other hand, 4 stocks closed in green led by Ghabbour Auto, the sesion’s biggest gainer which surged 5.83%, followed by Eastern Company which added 4.14% and Delta for Construction which gained 1.6%.
Commercial International Bank (CIB), the stock with biggest weight in the main index, slipped 1.01% to EGP 77.5.
Egyptian and Arab investors leaned towards selling netting EGP 138.7 million and EGP 40 million respectively, while foreign investors were net buyers at EGP 179.4 million.
Total traded volumes reached 400.5 million shares, with a turnover of EGP 1.355 billion, through nearly 34,170 transactions.
