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EGX ends Monday in red on Arab, foreign selloffs

EGX ends Monday in red on Arab, foreign selloffs
The market’s turnover reached EGP 642.44 million

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Monday’s trading session in the red zone amid foreign and Arab selloffs.

The benchmark EGX30 index declined by 0.76%, ending the session at 10,278 points.

Likewise, the EGX70 EWI fell by 0.29% to 1,122 points, while the EGX100 EWI dropped by 0.54% to 1,826 points.

The EGX50 index went down by 0.88% to close at 1,495 points.

The market cap value shrank by EGP 3.9 billion to EGP 544.54 billion.

In addition, the market’s turnover reached EGP 642.44 million after 180.08 million shares were exchanged through about 24,640 transactions.

Foreign and Arab investors were net sellers with EGP 123.12 million and EGP 6.9 million, respectively, while Egyptian investors were net buyers with EGP 130.04 million.