Cairo – Mubasher: The Egyptian Exchange started Monday on  a lower note amid selling pressures by Arab and foreign investors.

By 10:30am Cairo time, the main index EGX30 was lower 0.71%, or 59 points, to 8,215 points.

The small and mid-cap index EGX70 edged down 0.25% to 334.6 points.

The broader index EGX100 and the equal-weighted index EGX50 decreased by 0.46% and 0.99%, respectively.

Nationals were net buyers by EGP 13.8 million, while foreign and Arab traders were net sellers by EGP 8.1 million and EGP 5.7 million, respectively.

Trading value reached EGP 59.5 million after 19 million shares were traded.

MubasherTrade Research said, "lateral moves are dominating the market and likely to continue…the inability of breaking above 8,480 is considered weakness. Trading the range is recommended and 7,900 is a 'stop loss' level."