Cairo – Mubasher: The indices of Egyptian Exchange (EGX) were dragged down by local and Arab sell-offs at Monday’s closing.
The EGX has welcomed the listing of Cairo Investment and Real Estate Development’s stock that will be traded under the symbol of CIRA.
The benchmark EGX30 index lost 169.75 points, or 1.16%, finishing the session at 14,446.72 points.
The small- and mid-cap EGX70 index dropped 2.08% to 697.56 points, while the broader EGX100 index plummeted 1.822% to 1,777 points.
Trading volume amounted to around 175.7 million shares exchanged through 18,500 transactions at a turnover of EGP 947.5 million.
Foreign investors were net buyers with EGP 90.7 million, while Egyptian and Arab investors were net sellers with EGP 19.16 million and EGP 71.5 million, respectively.
The heavyweight Commercial International Bank (CIB) shed 0.11% to EGP 83, with a turnover of EGP 137.65 million.
Market capitalisation lost EGP 7.1 billion and closed the session at EGP 796.6 billion.
