Cairo – Mubasher: The Egyptian Exchange initiated Monday’s trading session on a negative note.
By 10:27am Cairo time, the benchmark lost 66 points or 0.89% to the mark of 7,428 points.
The small and mid-cap index EGX70 was 0.34% lower to 374.9 points.
The equal-weighted index EGX50 opened 0.23% down to 1,390 points.
Meanwhile, the broader index EGX100 inched up by 0.09% to 781.8 points.
Trading value reached EGP 17.6 million. In addition, the bourse saw 12 stocks move up, 12 ones go down, and 21 stay at their previous levels.
Egyptians and Arab investors were net buyers by EGP 3.3 million and EGP 1.1 million respectively, while foreigners were net sellers by EGP 4.4 million.
Earlier, Ziad Sheta, client accounts manager at Grand Capital, expected EGX to move downwardly sideways. Due to the process of profit-taking, the benchmark targets the mark of 7,300 points, he added.
Yesterday, Cairo bourse end the trading session on a mixed note after EGX30 fell 0.06% to the mark of 7,494.7 points.
