Local, Arab sell-off weighs on EGX Monday

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Monday’s trading session in red territory, dragged down by local and Arab sell-off.

The benchmark EGX30 index slipped 91.49 points, or 0.58%, finishing the session at 15,645.56 points.

The small- and mid-cap EGX70 index shed 0.25% to 746.76 points, while the broader EGX100 index tumbled 0.41% to 1,934.98 points.

Likewise, the equal-weight EGX50 index slid 0.54% to 2,577.23 points.

Market capitalisation lost EGP 4.48 billion and closed at EGP 874.3 billion.

The heavyweight Commercial International Bank (CIB) inched up 0.16% to EGP 84.41, with a turnover of EGP 35.2 million.

Trading volume amounted to around 160.9 million shares exchanged at a turnover of EGP 531 million through 17,100 transactions.

Egyptian and Arab investors were mostly sellers, netting EGP 12.3 million and EGP 17.6 million, respectively, while foreign investors were net buyers with EGP 29.9 million.

Mubasher Contribution Time: 06-Aug-2018 13:36 (GMT)
Mubasher Last Update Time: 06-Aug-2018 13:36 (GMT)