Cairo – Mubasher: The Egyptian Exchange (EGX) ended Monday's trading session in red territory, pressured by local, Arab selling.
The benchmark EGX30 index tumbled 221.47 points, or 1.37%, to close at 15,921.25 points, registering its second sharpest loss in June.
The small- and medium-cap EGX70 index fell 0.61% to 795.88 points, while the broader EGX100 index dropped 0.95%, reaching 2,037.77 points.
The equal-weighted EGX50 index edged down 0.79% to 2,674.19 points.
Trading volume on stocks reached around 103.8 million shares exchanged at a turnover of EGP 1.011 billion through 15,800 transactions.
Market capitalisation lost EGP 8.9 billion to close at EGP 901.9 billion.
Foreign investors were net buyers with EGP 63.3 million, while Egyptian and Arab traders were net sellers with EGP 52.9 million, and EGP 10.4 million, respectively.
The heavyweight Commercial International Bank’s-Egypt (CIB) stock inched down 0.08% to EGP 84.09, with a turnover of EGP 352.1 million.
Egypt Aluminum’s stock topped gainers with 3.65%, followed by Alexandria Mineral Oils Co’s (AMOC) stock with 2.69%, and Abu Qir Fertilizers’ stock with 0.94%.
On the flipside, Global Telecom Holding, Egyptian Chemical Industries (Kima), and Heliopolis Company for Housing and Development stocks levelled down 3.64%, 3.52%, and 3.52%, respectively.
