Cairo – Mubasher: The Egyptian Exchange (EGX) closed down in Monday’ trading session, pressured by foreign and Arab selling.
The benchmark EGX30 index lost 2.74% or 380.54 points to the level of 13,525.25 points.
The heavyweight Commercial International Bank – Egypt (CIB) shed 2.78% to EGP 75.8.
Market capitalisation closed at EGP 759.19 billion, losing EGP 16.7 billion.
The EGX70 index tumbled 1.57% to 807.95 points, while the EGX100 index declined 1.85% to 1,784.76 points.
Likewise, the equal-weight EGX50 index fell 2.39% to 2,353.68 points.
Trading volume stood at 549.8 million shares exchanged at a turnover of EGP 1.4 billion through 44,700 transactions.
Blue chips including Alexandria Mineral Oils Co (AMOC), Porto Group Holding, and Orascom Telecom dwindled 8.66%, 8.51%, and 6.49%, respectively.
On the other hand, only Egyptian Iron and Steel (HADISOLB) rose 2.32%.
Egyptian investors were net buyers with EGP 85.2 million, while foreign and Arab investors were net sellers with EGP 82.5 million and EGP 2.7 million, respectively.
