EGX Closes in Dark Red on MB’s Announcement of Al-Shater’s Candidacy

On Sunday’s closing session, the EGX incurred losses of L.E 4.11 billion as the capital market amounted to L.E 358.356 billion.

The main index, EGX 30 went down 1.42% to close at 4947.47 p. EGX20 fell 1.80% to close at 5708.65 p.

Meanwhile, the mid- and small-cap index, the EGX70 slumped 2.42% to close at 442.07 p. Price index EGX100 dropped 1.82% to close at 777.14 p.

Traded volume reached million 63.707 securities, at a value of L.E 219.901 million, exchanged through 16.439 thousand transactions.

This was after trading in 173 listed securities; 141 down and 20 up while 12 keeping their previous levels.

Egyptians were net sellers seizing 91.85% of the total market.

Arabs were net buyers seizing 1.25%.

Additionally, Non-Arab Foreigners were net buyers seizing 6.9%.

Egypt’s Muslim Brotherhood announced late on Saturday it will field its deputy chairman, Khairat al-Shater, as a candidate in the upcoming presidential election.

The Brotherhood’s supreme guide, Mohammed Badie, announced Shater’s nomination in a news conference and read out a brief statement from Shater, who was not present.