Cairo – Mubasher: The Egyptian Exchange (EGX) opened Monday’s trades on a low note, weighed by Egyptian and foreign investors’ selling.
By 10:16 am Cairo time, the benchmark EGX30 index slipped 0.11% or 15.26 points to 14,255.29 points.
The EGX70 and EGX100 indices shed 0.12% and 0.11% to 776.82 points and 1,757.30 points, respectively, while the equal weight EGX50 index was down 0.34% to 2,490 points.
Arab investors were mostly buyers early Monday, netting EGP 489,200, whereas foreign and Egyptian investors were sellers, netting EGP 135,500 and EGP 353,600, respectively.
In the meantime, turnover amounted to EGP 24.29 million after 15.9 million shares changed hands through 986 transactions.
EGX blue chips were mostly in the red, led by Ezz Steel, which lost 1.6%, followed by HADISOLB and Domty with 1.33% and 1.26%, respectively.
On the positive side, SODIC and Abu Dhabi Islamic Bank – Egypt (ADIB) gained 0.92% and 0.43%, respectively.
EGX indices closed Sunday down 0.55% or 79.59 points to 14,270.55 points on the back of selling pressure by Egyptian and Arab investors.
