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EGX closes Monday in losses; market cap down EGP 5.3bn

EGX closes Monday in losses; market cap down EGP 5.3bn
EGX 30 lost 0.53% and closed at 13,212 points

Cairo – Mubasher: The Egyptian Exchange (EGX) ended Monday’s trading session in the red zone, as the benchmark index EGX 30 levelled down by 0.53% and closed at 13,212 points.

Small and medium enterprises index EGX 70 lost 1.54% and closed at 503 points, while the broader index EGX 100 declined by 1.42% to settle at 1,313 points.

The market’s turnover registered EGP 574.7 million where 161.7 million shares were exchanged through 20,660 transactions.

Meanwhile, a total of 142 stocks retreated, while 38 others recorded gains, and three remained unchanged.

Egyptian investors were net sellers with EGP 672.7 million, while foreign and Arab investors were net buyers with EGP 666.4 million and EGP 6.3 million, respectively.

The blue-chip Commercial International Bank (CIB) achieved liquidity of EGP 75.29 million, the stock closed up 0.79% at EGP 81.5. It helped narrow the losses of the main index amidst growing geopolitical tensions.

The market cap value sank by EGP 5.3 billion to EGP 672.7 billion.