Cairo – Mubasher: The Egyptian Exchange (EGX) started Monday’s trading session in the red territory due to a national selling wave triggered by the latest terror attacks in Egypt.
The EGX administration initiated the session with a one-minute moment of silence to mourn the victims of the two latest bomb attacks.
A bomb blast at the Coptic Cathedral in Cairo on Sunday left 25 were and tens wounded, while 6 policemen were killed in another attack on Friday.
The main index declined 50 points or 0.44% to 11,248 points by 10:12am Cairo local time.
The small and mid-cap EGX70 was 0.10% lower to 448.9 points.
The broader index EGX100 and the equal-weighted index EGX50 edged down 0.04% and 0.13%, respectively.
Trading value reached EGP 116 million after 47.8 million shares were traded at 26,000 transactions.
Nationals were net sellers by EGP 12.7 million, accounting for 78.8% of the total trading activity.
On the other hand, foreigners and Arabs were net buyers by EGP 8.4 million and EGP 4.3 million, correspondingly.
The largest EGX30 component CIB decreased by 0.5% to EGP 67.7 after trading 76,500 shares at EGP 5.1 million.
