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Rana Mamdouh
Egyptian stock indexes ended Monday's trading session against the backdrop of pressure from the selling forces in favor of Egyptian investors.
The benchmark closed down 0.13% to 13,598 against 13,508 for morning trading.
The Commercial International Bank (CIB), the largest relative share of the index, lost 0.53% to 73.59 pounds.
The EGX70 and EGX100 indices both fell by 0.42% and 0.23% respectively.
The volume of transactions was £ 589,490 million from 171 companies with 17,269 transactions.
The market price of 67 companies fell against a rise of 49% while prices have not changed 50.
The sales trend was dominated by Egyptian investors, with a net value of 46.946 million Egyptian pounds, of which 35.533 million Egyptian pounds for individuals and 11.413 million Egyptian pounds for institutions.
Foreign investors tended to buy for a net amount of EGP 45.139 million, with net purchases of EGP 46.211 million, compared to EGP 1.071 million.
Arab investors recorded net purchases of EGP 1,806 million, mainly through net purchases of EGP 3.72 billion, compared with net sales of individuals of EGP 1,946 million.
Egyptians accounted for 47.63% of the stock market, foreigners 40.99% and Arabs 11.38% after exclusion.
Institutions dominated 72.72% of today 's trading session and the remaining transactions, 27.27%.
Suez Cbad for Settling Technology was the biggest loser with 9.83%, followed by Alexandria Cement (9.82%) and Raya Holding (7.67%).
Zahraa Maadi Investment & Development led the list with 8.75%, followed by Wadi Kom Ombo Land Reclamation of 7.10% and Ismailia National Food Industries of 7.06%.
Issa Fathi, chief executive of Cairo Securities Company, said the market had been affected by the oncology incident during the first half of today 's session.
Fathi added that the market had begun to reduce its losses in the second half on the echo of the end of the IPO of the day, which had ended 30 times.
He expected the market to open its mid-week talks with a target of 13650 points.
Mohamed Ismail, head of technical badysis at Faisal Securities Brokerage, said the sales force had risen sharply at the start of today 's session, pushing the stock market to lose about 100 points.
Ismail pointed out that the course of the session had been marked by a limited change in the second half due to the penetration of the foreign buying forces in particular, which prompted the market to withdraw from some of its losses .
The market should aim at 13800 points if the trio manages to reach 13600 points in tomorrow's session.
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