Cairo – Mubasher: The Egyptian Exchange (EGX) started Tuesday on a lower note, weakened by foreign sales.
The main index moved down 72 points or 0.64% to the mark of 11,189.68 points by 10:49 am CLT.
The small and mid-cap index EGX70 fell 0.17% to 446.21 points by 10:50am CLT.
The broader index EGX100 inched down 0.01% to 1,058.9 points and the equal-weighted index EGX50 was lower 0.05% to 1,789.3 points.
Foreigners and nationals were net sellers by EGP 6.88 million and EGP 1.8 million, while Arabs were net buyers by EGP 8.7 million.
By Category, institutions were placed as sellers with a net of EGP 44.2 million, while individuals were net buyers.
The largest EGX30 constituent saw a 1.34% slide to EGP 66.38 by 10:52am CLT.
Global Telecom declined 1.52% to EGP 5.85 by 10:55am CLT.
Earlier, market analyst Hoda El-Menshawi said the main index is still moving upwardly in the wide price channel extending from 3,375 points to 12,046 points.
By shooting above 11,332 points, the upward trend will be resumed and confirmed, otherwise the bourse will extend a jittery performance with a bullish view, the analyst added.
