Egypt’s stock market fell sharply on Monday, with the benchmark EGX30 index dropping 2.62 per cent amid net foreign selling, data from the Egyptian Exchange (EGX) showed.
The EGX30, which tracks the country’s largest and most actively traded companies, closed at 45,189.89 points. The EGX33 Shariah index fell 2.19 per cent to 4,780.83 points, while the EGX35-LV declined 1.37 per cent to 5,182.89 points.
Smaller-cap stocks ended in negative territory. The EGX70 index of small and medium-sized enterprises lost 0.86 per cent to 12,499.77 points, and the broader EGX100 fell 1.22 per cent to 17,373.32 points.
Total market capitalisation stood at 3.199 trillion Egyptian pounds.
Domestic investors were net buyers, with Egyptians purchasing 3.589 billion pounds and Arab investors adding 1.898 billion pounds. Non-Arab foreign investors were net sellers, offloading 5.487 billion pounds.
Attribution: Amwal Al Ghad English