Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices slid collectively on Monday, while the market capitalisation lost nearly EGP 6.1 billion ($804 million) amid a selling spree from foreign and Arab investors.

The benchmark index EGX30 fell 170 points or 1.93% to 8,595.78 points.

Following suit, the small and mid-cap index EGX70 lost 1.38% to 488.06 points, while the broader EGX100 slipped 1.36% to 992.59 points.

"The benchmark moved below the support level of 8,750 points, triggered by selling pressures on blue chips,” said Sameh Gharib, head of technical analysis at Roots Stock Brokerage House.

Monday’s turnover amounted to EGP 416.9 million, while traded volume reached around 101.6 million shares sealed through 16,000 transactions.

Local traders were buyers by EGP 13.4 million, while foreign and Arab traders were sellers by EGP 13.4 million and EGP 22 million, respectively.

Meanwhile, retail traders were net buyers, while institutions were net sellers.

El Nasr for Manufacturing Agricultural Crops topped the gainers, surging 9.48% to close at EGP 13.16.

Alexandria National Financial Investment led the losers, falling 6.53% to close at EGP 10.31.