Cairo – Mubasher: The Egyptian Exchange (EGX) closed Monday’s session down, pressured by foreign selling.
The benchmark EGX30 index, down 0.96% or 141.46 points, has changed the upward trend it saw this morning after facing profit-taking, closing at 14,572.17 points.
The heavyweight Commercial International Bank (CIB) fell 1.38% to EGP 75, with a turnover of EGP 138.04 million.
Market capitalisation closed at EGP 802.8 billion, losing EGP 6.8 billion.
The EGX70 index dropped 1.34% to 787.17 points and the EGX100 index dwindled 1.04% to 1,841.9 points.
Likewise, the equal-weighted EGX50 index tumbled 0.84% to 2,520.43 points.
Trading volume reached 250.4 million shares exchanged at a turnover of EGP 1.04 billion through 27,900 transactions.
Foreign investors were net sellers with EGP 84.3 million, while the Egyptian and Arab investors were net buyers with EGP 80.5 million and EGP 3.7 million, respectively.
Egyptian Chemical Industries (Kima) led declining blue chips with a %1.63% drop, followed by Palm Hills and Sidi Kerir Petrochemicals (Sidpec) which plummeted 2.63%, 2.44%, and 2.38%, respectively.
On the other hand, Egyptian resorts topped rising stocks with a 4.79% increase, followed by Eastern Co and Arabian Food Industries Co (Domty) which went up 2.63% and 1.64%, respectively.
