Cairo – Mubasher: Egypt’s stock exchange fell on Sunday, losing around EGP 9.3 billion of its capitalisation, was it was weighed by the selling activity among institutional investors.
The main index, or EGX30, slipped by 3.66% or 242.7 points to close at 6,395 points.
The market’s heaviest weight CIB tumbled by 4.2% to end at EGP 34.2, with a traded value reaching EGP 29.8 million.
Other leading stocks were in red, as OTMT slumped by 7.3% to EGP 0.51, while property developer TMG declined by 2.6% to EGP 5.98.
EGX70, which measures small and mid-cap stocks, drifted 2.3% or 8.39 points lower to 353 points, while the broader index EGX100 ended 2% or 15.4 points lower at 747.2 points.
Market capitalisation fell to EGP 412.3 billion, from EGP 421.6 billion on Thursday.
Total traded value amounted to EGP 370.9 million, out of which EGP 277.1 million was on stocks.
National and Arab traders were net sellers by EGP 6,700 and EGP 2.08 million respectively, while foreign traders were net buyers by EGP 2.09 million.
Institutional traders were collectively sellers, with nationals netting with EGP 13.7 million, Arabs (EGP 3 million) and foreigners (EGP 1.9 million).
