EGX slumps over local, Arab institutions’ sell-offs
Egyptian Exchange - YOUM7

CAIRO: The Egyptian Exchange (EGX) lost ground on Monday, battered by selling pressures from local and Arab institutions.

Market capitalization shed around 3.6 billion EGP ($459.77 million,) totaling 471.7 billion EGP, down from 475.3 billion EGP on Sunday.

The benchmark index EGX30 slipped 1.36 percent to end Monday at 7,587 points, down from 7,691 points on Sunday.

The market bellwether, CIB, retreated 0.81 percent to close at 52.67 EGP per share, compared to 53.10 EGP per share on Sunday.

Further, the small and mid-cap index EGX70 fell by 0.87 percent to end at 414 points, compared to 417.6 points in its last session. The broader index EGX100 also dropped 1.45 to close at 865 points.

On Sunday, the EGX posted a collective riss, powered by positive performance of blue chips amid an investor upbeat sentiment among Arab and foreign investors.

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