Egyptian sales push the stock market to continue its decline in the middle of the day

Rana Mamdouh

Egyptian stock indexes fell on Monday at midday, under pressure from the sales forces of Egyptian investors.

The EGX30 benchmark was down 0.36%, trading at 13566 points.

Commercial International Bank (CIB), the largest relative share of the market, lost 1.03% to trade at 73.22 EGP.

The EGX70 Index and the broader EGX100 Index dropped 0.13% and 0.16% respectively.

At the mid-trading day, publicly traded shares of 131 companies went from 38 to 43, while the stock price of 50 did not change.

The volume of transactions amounted to 301,356 million pounds sterling through 7777 transactions.

The sale was dominated by Egyptian investors and recorded a net worth of 16.858 million Egyptian pounds, of which 9.365 million Egyptian pounds for individuals and 7.492 million Egyptian pounds for institutions.

While foreign investors tend to buy, they bring in 15,891 million pounds, including 15,741 million for institutions and 150,053 thousand pounds for individuals.

Arab investors recorded net purchases of 966,831 thousand euros, of which 721,622 thousand pounds sterling for institutions and 245,209 thousand Egyptian pounds for individuals.

The Suez Cbad for Technology is ranked at the top of the list with the largest decline of 9.92%, followed by Al-Qalaa for financial consultations of 7.91%, followed by Delta Construction & Development's 6.58%.

The Egyptian tourist projects in international tourism are at the top of the list with a gain of 7.05%, followed by the group GMC for industrial investment and trade of 6.10%, followed by the group Ismailia National Food Industries (FODICO) 4.54%.