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EGX ends Monday in red; market cap sheds EGP 3.4bn

EGX ends Monday in red; market cap sheds EGP 3.4bn
The EGX30 index fell 0.82%, finishing the session at 14,910.78 points

Cairo – Mubasher: The indices of the Egyptian Exchange (EGX) closed Monday’s trading session in red territory, dragged down by local sell-off.

The benchmark EGX30 index fell 0.82%, finishing the session at 14,910.78 points.

The small- and mid-cap EGX70 index slipped 0.35% to 695.21 points, while the broader EGX100 index shed 0.41% to 1,764.01 points.

 Likewise, the equal-weighted EGX50 index slashed 0.79% to 2,437 points.

Trading volume amounted to 191.14 million shares exchanged through 24,500 transactions at a turnover of EGP 984.7 million.

Egyptian investors were net sellers with EGP 13.7 million, while foreign and Arab investors were net buyers with EGP 4 million and EGP 9.6 million, respectively.

The heavyweight Commercial International Bank (CIB) plummeted 1.74% to EGP 68.7, with a turnover of EGP 84.014 million.

Market capitalisation lost EGP 3.4 billion and closed the session at EGP 829.04 billion.