Egypt’s stock market opens Tuesday in red

The Egyptian Exchange (EGX) started Tuesday’s trading session in red territory, dragged down by local buying.

By 10:16am Cairo time, the benchmark EGX30 index slipped 0.17 percent, to 16,340.49 points.

The EGX70 index slid 0.4 percent to 806.75 points, while the EGX100 index went down 0.48 percent to 2,056 points.

The equal-weighted EGX50 index shed 1.18 percent to 2,731 points.

Egyptian investors were net sellers with 2.014 million pounds, while foreign and Arab investors were net buyers with 243,100 pounds and 1,770 pounds, respectively.

Trading volume amounted to nearly 27.7 million shares exchanged at a turnover of 67.7 million pounds through 1,500 transactions.