Cairo – Mubasher: The Egyptian Exchange (EGX) tumbled in Sunday’s early trade, as the benchmark index EGX30 dropped 5% or 305.6 points reaching the level of 5,552 points.
Meanwhile, most of EGX leading stocks slid heavily by more than 5%, which prompted EGX regulators to suspend trading on 44 stocks.
The small and mid-cap index EGX70 declined 2.9% to 326.5 points, while the broader index EGX100 fell 2.79% to 675 points.
The heavy weigh Commercial International Bank lost 6% reaching the price level of EGP 29.3, with a trading value of EGP 9.5 million.
Local and Arab investors stepped in as net sellers with EGP 3.4 million and EGP 186,000 respectively, while foreign investors came out as net buyers with EGP 3.6 million.
Egypt’s bourse halted the trading last Thursday two minutes before the end of the session, after the EGX100 dropped 5%.
