Cairo - Mubasher: The Egyptian Exchange (EGX) tumbled on Sunday, as the benchmark index EGX30 dropped 4.2% or 284.5 points to close at 6,522 points, its lowest level since 11 December 2013.
EGX is expected to extend bearish trend through the rest of this week's trading session, said Amr Hussein Elalfy, Managing Director, Global Head of Research of MubasherTrade.
The market capitalization shed nearly EGP 7.3 billion ($941 million) to close at EGP 417.9 billion, down from EGP 425.2 billion at the end of the previous session.
EGX decline will coincide with the decline of Global markets after Paris bloody attacks as well as the upcoming Federal Reserve meeting that is expected to raise interest rates, pointed out Elalfy.
Last Friday, more than 128 people have been killed in multiple gun and bomb attacks in Paris.
Sunday's total turnover amounted to EGP 394.4 million.
The small and mid-cap index EGX70 slide 4.36% to 349 points, while the broader index EGX100 declined 3.3% to 761 points.
Arab and foreign investors came as net buyers with EGP 7 million and EGP 12.7 million respectively, while local investors came as net sellers with EGP 19.7 million.
Out of the 167 stocks traded today, decliners outnumbered advancers by 130 to 6, while 31 others remained steady.
