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Business and Finance
Reuters
the Egyptian Stock Exchange
Egyptian stock indexes fell at the close of trading on Monday, driven by for-profit sales linked to gains in recent days.
The market capitalization of shares of publicly traded companies has lost about 3.7 billion pounds, reaching nearly 753 billion pounds, for a total of about 1.3 billion transactions, including transactions on the market. market of major brokers and transfer transactions for an amount of £ 540.4 million.
Analysts told Reuters: "The use by dealers of lower interest rates for profit taking and concern over the trade war between the United States and China and its impact on the global economy, behind the decline of the Egyptian stock market and shares during the second half of Sunday and Monday trading.
Hassan Qenawy, CEO of HC Securities, explained: "The investors sold the EGX once they found an opportunity to make gains, and the effects will be slightly mitigated and everyone will start watching financially the markets and the shares, which will be positive for the market. "
Source: agencies
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