Cairo – Mubasher: The Egyptian Exchange (EGX) saw a downward trend on Sunday amid local and Arab selling pressures.
The benchmark EGX30 index, down 0.46%, has changed its upward direction to close at 15,339.91 points, losing about 71 points.
The heavyweight Commercial International Bank (CIB) shed 0.52% to EGP 79 at a turnover of EGP 28.7 million.
Market capitalisation closed at EGP 866 billion, gaining EGP 4.2 billion.
The small- and medium-caps EGX70 index fell 0.82% to 848.05 points, while the broader EGX100 index slipped 0.65% to 2,023.87 points.
The equal-weighted EGX50 index went down 0.63% to 2,727.03 points.
Trading volume stood at about EGP 321.6 million shares exchanged at a turnover of EGP 1.22 billion through 29,000 transactions.
Foreign investors were net buyers with EGP 81.3 million, while Egyptian and Arab investors were net sellers with EGP 31.4 million and EGP 49.9 million, respectively.
Porto Group led declining blue chips with a 5% drop, followed by Emaar Misr with 3.32% and Oriental Weaver Carpets which fell 3.3%.
On the other hand, Orascom Telecom, up 1.33%, topped rising blue chips, followed by Elsewedy Electric and Arab Cotton Ginning which levelled up 1.25% and 0.66% respectively.
