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EGX ends Monday in red on local, Arab sell-offs

EGX ends Monday in red on local, Arab sell-offs
Market capitalisation shrank by EGP 11.43 billion

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Monday’s trading session on a negative note, with its benchmark EGX30 index falling by 1.76% to close at 13,537 points, compared to 13,780 points on Sunday.

Meanwhile, the small- and mid-cap EGX70 index declined by 1.52% to 526.92 points, while the broader EGX100 index dropped by 1.72% to 1,376 points.

Likewise, the equal-weighted EGX50 index dipped by 2.69% to close at 1,947 points.

Market capitalisation shrank by EGP 11.43 billion to EGP 692.52 billion on Monday from EGP 703.95 billion in the previous session.

Trading volume stands at 147.86 million shares exchanged at a turnover of EGP 1.54 billion (including EGP 658.28 million for shares and EGP 857.01 million for primary-dealer (PD) bonds) through about 22,030 transactions.

Egyptian and Arab investors were net sellers with EGP 51.37 million and EGP 93.3 million, respectively, while foreign investors were net buyers with EGP 144.67 million.