EGX slumps over foreign, local institution sales
The Egyptian stock exchange - AFP/Khaled Desouki

CAIRO: The Egyptian Exchange (EGX) plunged at the close of Sunday’s session, hammered by foreign, local institutions’ sell-offs, while Arabs tend to purchase.

The benchmark index EGX30 tumbled 0.33 percent to end at 7,055 points, after 7,079 points on Thursday.

Similarly, the small and mid-cap index EGX70 dropped 0.3 percent to end at 385.89 points, compared to 387 points in the last week’s session.

The broader index EGX100 also decreased 0.7 percent to close at 823.56 points.

Market capitalization recorded 437.9 billion EGP, after 437.7 billion EGP in Thursday’s session.

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