Local, foreign sell-off weighs on Egypt’s bourse early Sunday

The Egyptian Exchange (EGX) opened Sunday’s trading session in red territory, dragged by local and foreign sell-off.

By 11:00 am Cairo time, the benchmark EGX30 index slipped 0.66 percent to 15,819.15 points.

The small- and mid-cap EGX70 index inched down 0.07% to 753.51 points. While the broader EGX100 index dipped 0.15 percent to 1,950.78 points.

The equal-weighted EGX50 index tumbled 0.56 percent to 2,628.75 points.

Egyptian and foreign investors were net sellers with 1.4 million pounds and 1.36 million pounds, respectively, while Arab investors were net buyers with 2.5 million pounds.

Trading volume amounted to nearly 44.46 million shares exchanged at a turnover of 82.92 million pounds through 3,410 transactions.