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Local, Arab sell-offs weigh on EGX early Sunday

Local, Arab sell-offs weigh on EGX early Sunday
EGX30 index fell 126.69 points, or 1.02%, to 12,260.65 points

Cairo – Mubasher: The Egyptian Exchange (EGX) opened Sunday’s trading session in red territory, pressured by Egyptian and Arab investors’ selling.

By 10:22 am Cairo time, the benchmark EGX30 index fell 126.69 points, or 1.02%, to 12,260.65 points.

The small- and mid-cap EGX70 index dipped 0.15% to 660.06 points, while the broader EGX100 index shed 0.28% to 1,645.73 points.

The equal-weighted EGX50 index plummeted 1.17%t to 2,027 points.

Trading volume amounted to around 6.4 million shares exchanged through EGP 31.9 million through 1,120 transactions.

Foreign investors amounted to EGP 304,200, while Egyptian and Arab investors were net sellers with EGP 15,700 and EGP 288,280, respectively.

The heavyweight Commercial International Bank (CIB) levelled up 0.10% to EGP 69.49.