Cairo – Mubasher: The Egyptian Exchange initiated Monday's trading session on a lower note.
The market's index (EGX30) lost 0.94%, or 79.25 points, to 8,353.1 points by 10:17am Cairo local time (CLT).
The largest EGX30 constituent CIB declined 1.48% to EGP 51.8 by 10:20am Cairo local time.
The small and mid-cap index went down 1.09% to the mark of 340.19 points.
The broader index EGX100 and the equal-weighted index EGX50 were lower 0.72% and 0.95%, respectively.
National and foreign traders were net sellers by EGP 2.4 million and EGP 176,000 respectively, while Arab investors were net buyers by EGP 2.6 million.
Institutions were net sellers by EGP 4.6 million.
Trading value reached EGP 24.4 million after 14.3 million shares were traded.
Earlier, analysts told Mubasher that Cairo bourse is likely to move upwardly if breaking above 8,493 points, according to analysts.
Market analyst Hoda Al-Menshawi said the 8,493 zone is the new central focus of the benchmark index, which will reveal whether the main index tests higher marks or reverses to its bullish jittery performance.
