Stock market drops into the red zone on Sunday

The Egyptian Exchange (EGX) kicked off the last two days of trading before the Eid El Adha holiday with a collective decline into the red.

Benchmark index EGX 30 was down by 2.40 percent to 17,287.64 points, followed by EGX 50 with a drop of 0.95 percent to end trading at 3,225.41 points.

EGX 70 declined by 0.65 percent to close trading at 3,493.31 points, with EGX 100 falling by 0.86 percent at 5,174.62 points.

Today’s trading saw 759.54 million shares exchanged with a turnover of LE 1.77 billion.

Market capitalization was recorded at LE 1.14 trillion.

Trading on securities saw Egyptian investors as net buyers with LE 99.95 million. Arab and foreign investors were net sellers with LE 87.76 million and LE 12.18 million, respectively.

The top gains of the session were by Copper for Commercial Investment & Real Estate Development which surged by 20 percent, Egyptian Gulf Marseilia for Real Estate Investment by 6.92 percent, and Egyptian Financial & Industrial by 6.01 percent.

The largest losses of the session were by Elswedy Electric which declined by 5.74 percent, and Medical Packaging Company by 5.38 percent.