EGX dips on heavy Arab sell-offs, weak Chinese data
The Egyptian Exchange (EGX) - REUTERS

CAIRO: The Egyptian Exchange (EGX) lost ground at the close of Tuesday’s session, hurt by selling pressures from Arab institutions and retailers amid growing concerns over a China-led economic slowdown as data showed a shrink in manufacturing sector.

The benchmark index EGX30 fell 0.67 percent to end at 7,204 points, down from 7,252 points on Monday.

Similarly, the small and mid-cap index EGX70 dropped one percent to end at 388.46 points, compared to 392.4 points in its last session.

The broader index EGX100 also declined 0.27 percent to close at 835.4 points, after 837.7 points on Monday.

Meanwhile, market capitalization gained around 1.3 billion EGP ($166.1 million,) totaling 446 billion EGP, compared to 444.7 billion EGP.

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