The Egyptian Exchange (EGX) indices declined collectively on Sunday, as the market capitalisation lost nearly EGP 3.5 billion ($465.4 million) amid a selling spree from both local retail investors and local institutions.

The benchmark index EGX30 fell 1.12% or 97.43 points to close at 8,633.86 points.

The small and mid-cap index EGX70 edged down 0.46% to 488.78 points, while the broader EGX100 inched down 0.51% to 984.22 points.

"The benchmark declined on Sunday, pushed by continuous selling pressures and lacklustre trades," said Sameh Gharib, head of technical analysis at Roots Stock Brokerage House.

Turnover amounted to EGP 1.2 billion, while traded volume reached around 95.8 million shares sealed through 13,000 transactions.

Local traders were sellers by EGP 14.2 million, while foreign and Arab traders were buyers by EGP 10.4 million and EGP 3.8 million, respectively.

Meanwhile, retail traders were net sellers, while institutions – except local ones – were net buyers.

Misr Hotels topped the gainers, surging 8.81% to close at EGP 19.89.

TransOceans Tours led the losers, falling 10% to close at $0.09.