CAIRO: The Egyptian Exchange (EGX) shut on a mixed note Monday, as the benchmark index dipped over selling pressures, namely from Arab traders, while local and foreign investors mostly purchased.
Analysts had expected a negative performance Monday following Friday’s deadly clashes\ between Muslim Brotherhood supporters and security forces on the fourth anniversary of the January 25 Revolution.
Gulf markets’ slip over the death of Saudi Arabia’s late King Abdullah bin Abdulaziz al-Saud had a negative impact on Egypt’s market as well.
The EGX decided to delay the trading session for one minute to start on Monday, at exactly 10.01 am to mourn the death of late king. The EGX chairman, vice chairman and market participants stood for a minute of silence before the start of the trading session, according to a statement.
On Monday, the benchmark index EGX30 fell by 0.65 percent, registering 9,834 points, compared to 9,898 Thursday. In turn, the small and mid-cap index EGX70 added a slight 0.5 percent to 572.8 points, up from 569.9 points in the last session. The broader index EGX100 was almost flat, adding only 0.12 points.