Cairo – Mubasher: The Egyptian Exchange (EGX) indices erased at the end of Sunday’s trading session part of the severe losses they suffered in early trade.
The benchmark index EGX30 dropped 1.66% or 97.5 points to close at 5,760 points, its lowest level since 9 October 2013.
The benchmark sank 5% in Sunday’s early trade that pushed the bourse regulators to suspend trading on 44 stocks, after fell more than 5%.
The heavy weigh Commercial International Bank went down 2.7% to the price level of EGP 31.07 with trading value of EGP 56.9 million, meanwhile the stocks of Orascom Telecom media and Palm Hills lost 1.85% and 2.5% respectively.
The small and mid-cap index EGX70 declined 1.5% to 331.3 points, while the broader index EGX100 fell 2% to 680 points.
Sunday’s market trading value stood at EGP 314.8 million.
Out of 170 stocks traded today, decliners outnumbered advancers by 104 to 28, while 38 stocks remained unchanged.
Foreign and Arab investors stepped in as net buyers with EGP 20.9 million and 3 million respectively while local investors came out as net sellers with EGP 23.9 million.
The market capitalization shed nearly EGP 4.2 billion, reaching EGP 379.8 billion.
