Cairo – Mubasher: The indices of Egyptian Exchange (EGX) were dragged down by local and Arab sell-offs at Monday’s closing.
The benchmark EGX30 index lost 500.89 points, or 3.55%, finishing the session at 13,604.01 points, its lowest level since 18 October.
The small- and mid-cap EGX70 index dropped 1.24% to 690.67 points, while the broader EGX100 index fell 1.87% to 1,735.8 points.
The equal-weighted EGX50 index plummeted 4.17% to 2,108.17 points.
Market capitalisation shed EGP 24.4 billion and closed the session at EGP 758.2 billion.
The heavyweight Commercial International Bank (CIB) fell 1.79% to EGP 80.03, with a turnover of EGP 99.8 million.
Trading volume amounted to around 190.1 million shares exchanged through 24,400 transactions at a turnover of EGP 710.2 million.
Foreign investors were mostly buyers, netting EGP 56.1 million, while Egyptian and Arab investors were net sellers with EGP 34.7 million and EGP 21.4 million, respectively.
