Cairo - Mubasher: The Egyptian Exchange (EGX) ended Sunday’s trading session in red on the back of the selling activity by Egyptian and Arab investors.

The benchmark index EGX30 went down by 2.8% or 360.9 points, and closed at the level of 12,544.92 points.

EGX70 lost 0.55% and closed at 587.77 points, while the broader index EGX100 declined by 1.24% to 1,349.63 points.

Similarly, the equal-weighted index EGX50 fell 2.82% to the level of 2,007.96 points.

Waleed Helal, the vice chairman of EG Broker, said that Sunday’s session saw a negative performance that began last week, as the majority of stocks, especially blue chips, have been seeing a downward trend that peeked today.

The main index lost 360 points and reached its lowest level in two months, as it broke the support levels of 12,840 points, 12,740 points, and now the level of 12,500 points.

Helal expects the market to bounce soon with a green session that sees a lot of purchases, helping the benchmark index restore the levels of 12,700 points.

The EGX70 saw a marginal loss on Sunday, going down by only 3.5 points, as some of its small and medium stocks remained stable, the expert added.

Traded volumes reached 199 million shares, with a total traded value of EGP 800.8 million, through 24,800 transactions.

Egyptian and Arab investors were net sellers at EGP 26.9 million and EGP 67.2 million, respectively, while foreign investors were net buyers at EGP 94.2 million.

As for the stocks’ performance, Cairo Oils and Soap led the session’s losers dropping 8.05%, followed by Nasr Company for Civil Works and El Obour Real Estate Investment with 7.66% and 7.42%, respectively.

The Commercial International Bank - Egypt (CIB) fell 1.52% to EGP 75.6.

On the other hand, among the blue chip stocks, only Telecom Egypt and Universal ended the session in green, rising by 0.26% and 5.26%, respectively.

The market capital lost EGP 11.7 billion, and closed at EGP 651.6 billion.