Cairo – Mubasher: The Egyptian Exchange (EGX) retreated on Monday amid selling pressures from institutions.

Market capitalisation declined to EGP 506.08 billion.

The benchmark index EGX30 fell 0.78% or 71.16 points to close at 9,050.76 points. The small and mid-cap index EGX70 also went down 0.77% to 484.27 points, while the board index EGX100 drifted 0.66% lower to 1,008.96 points.

Monday’s traded volume amounted to 198.16 million shares, exchanged at a total turnover of EGP 529.59 million.

Arab and foreign traders were net sellers by EGP 25.9 million and EGP 6.2 million in a row, while national traders were net buyers with EGP 32.2 million.

Out of the 169 securities traded today, 90 moved up, 50 moved down and 29 remained flat.

Declining stocks were led by El Ahram Printing, General Land Reclamation, El Orouba Securities and El Nasr Agricultural Crops, with percentages between 5.48% and 8.69%.

On the positive front, TransOceans Tours, Memphis Pharmaceutical, Golden Textile, Beltone and Al Arafa were on top among advancers, with percentages between 5.88% and 11.11%.