EGX was in red on Monday; market cap loses EGP 4.7bn

The Egyptian Exchange (EGX) closed Monday’s trading session on a negative note, pressured by foreign selloffs.

The benchmark EGX30 index dropped by 0.54 percent to register 10,910 points, while the small- and mid-cap EGX70 EWI fell by 0.7 percent to 1,958 points.

Similarly, the EGX100 EWI closed 0.82 percent lower to end at 2,841 points, while the EGX50 EWI retreated by 1.29 percent to 2,033 points.

The market cap value lost EGP 4.7 billion to close EGP 613.109 billion.

Foreign investors were net sellers with EGP 29.87 million, while local and Arab purchasers were net buyers with EGP 14.6 million and EGP 15.25 million, respectively.

The market’s turnover amounted to EGP 1.58 billion after 577.2 million shares were exchanged through around 56,530 transactions.