The Egyptian Exchange (EGX) indices kicked off Monday's session on a mixed note, as the benchmark index EGX30 inched up 0.48% to 8,604.5 points.  

Meanwhile, the small and mid-cap index EGX70 declined 0.06% to 464.69 points, while the broader EGX100 added 0.03% to 957.08 points.

Market analysts previously told Mubasher that EGX indices are forecasted to continue their mixed performance on Monday, amid ongoing debate and investors’ concerns over the country’s capital gains tax.

Traders have recently taken aim at Egypt’s government over a law imposing a 10% tax on capital gains and stock dividends, arguing that its language is muddled and is steering away potential investors.

The finance ministry has said it is working on amending parts of the law.

The EGX indices retreated collectively on Sunday, as the benchmark lost 1.26% or 109.32 points to 8,562.97 points.