Cairo – Mubasher: The Egyptian Exchange (EGX) closed Monday in the red, weighed by Arab investors’ selling.
The benchmark EGX30 index retreated 1.26% or 162.91 points to break below the level of 12,800 points to 12,784.44 points.
Similarly, the EGX70 index lost 0.38% to 671.47 points, while the EGX100 index and EGX50 index shed 0.5% and 1.05% to 1,675 points and 2,097 points, respectively.
Turnover amounted to EGP 397.26 million after 103 million shares changed hands through 16,023 transactions.
Foreign and Egyptian investors were mostly buyers, netting EGP 4.45 million and EGP 171,300, respectively, while Arab investors were net sellers with EGP 4.6 million.
Meanwhile, the EGX’s market capitalisation lost EGP 6.17 billion to end at EGP 731.5 billion.
The Commercial International Bank (CIB), the heaviest-weighted stock on the EGX, slid 2.45% to EGP 72.75.
