Egyptian stock exchange opens Sunday in red

The indices of the Egyptian Exchange (EGX) fell early Sunday, pressured by foreign and Arab sell-offs.

By 10:20 am Cairo time, the benchmark EGX30 index slipped 65.15 points, or 0.43 percent, to 15,243.47 points.

The small- and mid-cap EGX70 index inched down 0.03 percent to 742.55 points, whereas the broader EGX100 index dipped 0.15 percent to 1,897 points.

The equal-weighted EGX50 index tumbled 0.5 percent to 2,438 points.

Trading volume amounted to nearly 17.9 million shares exchanged at a turnover of 30.7 million pounds through 973 transactions.

Egyptian investors were net buyers with 238,800 pounds, while foreign and Arab investors were net sellers with 169,900 pounds and 68,900 pounds, respectively.

The heavyweight Commercial International Bank (CIB) fell sharply by 1.9 percent to 82.99 pounds, with a turnover of 732,000 pounds.

EFG Hermes led top losers with 3.23 percent, followed by Telecom Egypt, which shed 2.64 percent.

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