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Egypt’s market loses LE7.4 bn on Sunday, EGX30 slips 4.2%

Egypt's market incurred heavy losses on Sunday, with benchmark index EGX30 plummeting  4.18 percent, reaching 6,522 points and a LE291 million turnover, according to the data from the Egyptian Exchange.
 
Meanwhile, the broader EGX70 index and the EGX100 index also dropped 4.36 percent and 3.3 percent, respectively.
 
Foreign institutions were net buyers, recording net flows of LE11 million, while Arab and local institutions were net sellers, recording net flows of LE7.7 million and LE21.8 million, respectively.
 
The EGX market capital lost LE7.35 billion (US$939 million), to hit LE417.89 billion, compared to LE425.24 billion on Thursday.

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