Egypt’s market loses LE5.3 bn on Monday, EGX30 drops 2.4%

Egypt's market incurred heavy losses on Monday, with the benchmark index EGX30 dropping by 2.36 percent, reaching 6,451 points and a LE511 million turnover, according to the data from the Egyptian Exchange.
Meanwhile, the broader EGX70 index and the EGX100 index also declined 1.8 percent and 1.4 percent, respectively.
Arab institutions were net buyers, recording net flows of LE26.5 million, while foreign and local institutions were net sellers, recording net flows of LE55.8 million and LE26.3 million, respectively.
The EGX market capital lost LE5.31 billion (US$678 million), to hit LE418.63 billion, compared to LE423.94 billion on Sunday.

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