Cairo - Mubasher: The Egyptian Exchange (EGX) moved lower on Sunday, as the benchmark index EGX30 hit its seven - sessions low amid lackluster trades and absence of positive catalysts.

The benchmark went down by 0.65% to 7,263 points.

The market capitalisation shed nearly EGP 3.2 billion ($404 million) to close at EGP 444.07 billion, compared with EGP 447.2 billion in the previous session.

The equal-weighted index EGX50 edged down 0.92% to 1,199 points

Similarly, the small and mid-cap index EGX70 lost 0.58% to 358.39 points, while the broader index EGX100 inched down 0.65% points to 833.7 points.

"Today's declines were mainly attributed to lack of liquidity and positive news," said Hanan Ramsis, executive director at Cairo Securities.

The market total turnover recorded EGP 185.799 million, on trading 91.583 million shares, through 10,531 transactions.