EGX ends Monday in red on Egyptian selling

By Yomna Yasser On Jan 22, 2018

The Egyptian Exchange (EGX) saw a bearish trend on Monday, pressured by local selling.

The benchmark EGX30 index lost 0.63 percent or 96.68 points, closing at 15,243.23 points.

The heavyweight Commercial International Bank (CIB) fell 2.18 percent to 77.35 Egyptian pounds at a turnover of 90.3 million pounds.

The small- and medium-caps EGX70 index tumbled 1.17% to 838.15 points, while the broader EGX100 index slipped 0.54% to 2,012 points.

The equal-weighted EGX50 index went down 0.66 percent to 2,708 points.

Market capitalisation closed at 862.5 billion pounds, losing 3.4 billion pounds .

Trading volume amounted to about 397.7 million shares exchanged at a turnover of 1.29 billion pounds through 27,880 transactions.

Egyptian investors were mostly sellers, netting 137.38 million pounds, while foreign and Arab investors were net buyers with 98.9 million pounds and 38.4 million pounds, respectively.