Foreign sell-offs weigh on EGX early Monday

Cairo – Mubasher: The Egyptian Exchange (EGX) started Monday’s trading session in red territory, pressured by foreign sell-off.

By 10:21 am Cairo time, the benchmark EGX30 index dipped 8.18 points, or 0.06%, to 13,435.74 points.

The small- and mid-cap EGX70 index inched down 0.02% to 674.71 points, while the EGX100 index shed 0.06% to 1,700 points.

The equal-weighted EGX50 index tumbled 0.18% to 2,173 points.

Meanwhile, trading volume amounted to around 6.4 million shares exchanged at a turnover of EGP 45.39 million through 1,090 transactions.

Foreign investors were net sellers with EGP 9.3 million, while Egyptian and Arab investors were net buyers with EGP 533,400 and EGP 8.7 million, respectively.

The heavyweight Commercial International Bank (CIB) edged up 0.34% to EGP 80, with a turnover of EGP 7.39 million.

Mubasher Contribution Time: 21-Jan-2019 08:54 (GMT)
Mubasher Last Update Time: 21-Jan-2019 08:54 (GMT)