Cairo – Mubasher: Egyptian Stock Exchange (EGX) indices ended Sunday in the red following strong selling by Egyptian and Arab investors.
The benchmark EGX30 dropped 1.96% or 147.52 points and closed at 7,373 points, its lowest level in 21 sessions.
The EGX70 and EGX100 indices shed 0.61% or 2.25 points and 0.8% or 6.25 points to 368.41 points and 775.05 point, respectively.
Total turnover stood at EGP 282.457 million by the end of the session after 139.153 million shares were traded through 18,028 transactions.
Egyptian and Arab investors focused on selling, netting EGP 8.36 million and EGP 1.7 million, respectively, while foreign investors bought stocks, netting EGP 10.08 million.
Market capitalisation lost EGP 5.66 billion ($635 million) to EGP 399.266 billion.
Most of the EGX’s leading stocks ended the session in the red, led by the heavy-weight CIB-Egypt, which dropped 2.23% to EGP 43. The stock registered the highest turnover of EGP 22 million.
