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The Egyptian Stock Exchange index continued its decline below 30,300 points in morning trading.
Tadawul All Shares Index TASI.SA | 11626.60 | +0.64% |
Cairo - Mubasher: The Egyptian Exchange (EGX) indices declined on Monday, with the EGX30 index falling below the 30,300-point mark, pressured by Arab and foreign selling, as all regional markets declined due to trade war concerns.
By 10:5 a.m. Cairo time, the Egyptian Exchange's main index, the EGX30, fell 1.2% to 30,274.8 points.
Meanwhile, the EGX70 Equal Weight Index for Small and Medium Enterprises (SMEs) fell by 0.5% to 8,604.51 points, while the EGX100 Equal Weight Index fell by 0.7% to 11,852.36 points.
During that time, 208.7 million shares were traded, with a trading value of approximately EGP 664.5, through 24,800 transactions.
At the start of the session, 203 stocks were traded, with 26 advancing, 85 declining, and 92 remaining unchanged.
In terms of investor transactions, Egyptians alone were buying shares, with a net value of EGP 33.9 million.
While foreign and Arab transactions tended towards selling, with a net value of 4.7 million pounds and 29.19 million pounds, respectively.