Egypt’s market loses LE4.6 bn on Monday, EGX30 drops 2.8%

Egypt's market incurred heavy losses on Monday for the second session in a row, with benchmark index EGX30 dropping 2.84 percent, reaching 7,138 points and a LE624 million turnover, according to the data from the Egyptian Exchange.
Meanwhile, the broader EGX70 index and the EGX100 index also declined 1.47 percent and 1.42 percent, respectively.
Arab institutions were net buyers, recording net flows of LE7.9 million, while foreign and local institutions were net sellers, recording net flows of LE133.21 million and LE30.4 million, respectively.
The EGX market capital lost LE4.58 billion (US$570 million), to hit LE439.23 billion, compared to LE443.81 billion on Sunday.

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