Cairo – Mubasher: The Egyptian Exchange (EGX) indices declined collectively in Sunday’s early trade, pushed down by losses in leading stocks.
The benchmark index EGX30 fell 2% or 138 points, reaching the level of 6,784 points.
The stocks of Commercial International Bank, Talaat Moustafa, Palm Hills, Global Telecom, EFG-Hermes, Porto Group, Amer Group and Qalaa Holding slid within the range of 0.3% to 3%.
“The failure of the benchmark to keep its position above the critical support area of 6,690 points, may pave the way a return to the support level of 6,300 points,” said Ibrahim Al Nemer, Head of technical analysis at Naeem Brokerage.
The equal-weighted index EGX50 lost 1.3% to 1,179 points.
Similarly, the small and mid-cap index EGX70 edged down 0.50% to 382 points, while the broader index EGX100 went down 0.84% to 781 points.
Early in the session, 39 million shares changed hand, with a value of EGP 57 million after 3,200 transactions were closed.
Local and foreign investors were net sellers with EGP 1.4 million and EGP 258,000 respectively while Arab investors stepped in as net buyers with EGP 1.6 million.
