Cairo – Mubasher: The indices of the Egyptian Exchange (EGX) closed Monday’s trading session in red territory, pressured by foreign sell-offs.
The benchmark EGX30 index has trimmed its early losses, as it slipped 104.66 points, or 0.71%, finishing the session at 14,650.97 points.
On Sunday, the EGX’s market capitalisation fell to its lowest level since 31 December 2017 as nearly 135 stocks dropped, in line with the arrest of ousted Gamal and Alaa Mubarak for violating the rules of the EGX and the Central Bank of Egypt (CBE).
Market cap lost EGP 9.32 billion and closed the session at EGP 815.7 billion.
The small- and mid-cap EGX70 index dropped 1.38% to 723.8 points, while the broader EGX100 index went down 1.13% to 1,843.39 points.
Trading volume amounted to around 172.3 million shares exchanged through 21,160 transactions at a turnover of EGP 578.19 million.
Foreign investors were net sellers with EGP 20.5 million, while Egyptian and Arab investors were net buyers with EGP 2,180, and 18.3 million, respectively.
The heavyweight commercial International Bank (CIB) tumbled 0.64% to EGP 82.33, with a turnover of EGP 44.6 million.
