Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices retreated on Monday on the back of selling pressures by both Arab and Egyptian investors.
EGX30 shed 98.9 points, or 0.57%, to close at 17,172.13 points, dragged down by Commercial International Bank’s (CIB) stock, which lost 1.61% to EGP 89.34, with a turnover of EGP 93.6 million.
The EGX70 index also went down 0.67% to 888.61 points, while the EGX100 sank 0.29% to 2,266 points.
Trading volume registered 327.3 million shares, generating EGP 1.57 billion through 37,900 transactions.
Market capitalisation decreased by EGP 6.3 billion to EGP 974.6 billion on Monday.
Foreigners were mostly buyers, netting EGP 74.4 million, while Egyptians and Arabs were mostly sellers, with EGP 43.7 million and EGP 30.7 million, respectively.
Arabian Cement, Abu Dhabi Islamic Bank (ADIB) – Egypt, and Arab Cotton Ginning dropped 4.09%, 3.7%, and 3.58%, respectively.
By contrast, Egypt Aluminum skyrocketed 6.6%, while Pioneers Holding surged 3.68%, and Heliopolis for Housing & Development gained 2.77%.
