Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices declined on Monday, dragged down by Arab and foreign buying, amid low liquidity.
The benchmark index EGX30 shed 87.72 points, or 0.5%, to close at 17,523 points.
Market capitalisation decreased by EGP 3.2 billion to EGP 981.3 billion.
The small- and medium-cap EGX70 index went down 0.87% to 870.84 points, while the broader EGX100 index sank 0.89% to 2,260 points.
Thge equally-weighted index EGX50 fell 0.61% to 2,986 points.
The bourse's trading volume reached 159.75 million shares, while the market’s liquidity hit EGP 928.8 million.
Egyptian investors were mostly buyers, with a turnover of EGP 82.6 million, but foreign and Arab traders were mostly sellers, netting EGP 70.4 million and EGP 12.2 million, respectively.
TMGH, Citadel Capital, and Telecom Egypt tumbled 2.8%, 2.79%, and 2.73%, respectively.
Meanwhile, Egyptian Iron and Steel, Eastern Company, and Egypt Aluminum surged 5.72%, 4.18%, and 3.23%, respectively.
The heavyweight Commercial International Bank (CIB) dipped 1.93% to EGP 89, with a turnover of EGP 42.3 million.
