EGX slumps at close over foreign institutions’ sales
The Egyptian stock exchange - AFP/Khaled Desouki

CAIRO: The Egyptian Exchange (EGX) lost ground at the close of Sunday’s session, battered by foreign institutions’ sell offs amid Arab and local purchases.

The benchmark index EGX30 slipped 1.02 percent Sunday to end at 8,004.8 points from 8,087 points at the end of last week.

However, the small and mid-cap index EGX70 hiked by 0.17 percent to end at 446.5 points.

The broader index EGX100 also dropped by 0.09 percent to close at 917.42 points, compared to 918 during the week-end session.

Market capitalization shed around 1.11 billion EGP ($141.7 million,) totaling 487.12 billion EGP, down from 488.23 billion EGP in last week.

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