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Egypt’s equities continue to shed blood; market cap loses $1 bn Monday

Egypt's equities continued to shed blood during Monday's session as stocks were sold across the board. 
 
The benchmark EGX30 index dropped 1.92 percent, to 6,654.06 with a turnover of LE446 million, the Egyptian Exchange data showed.
 
Meanwhile, the small and mid-cap EGX70 index and the broader EGX100 index declined 5.17 percent and 3.82 percent, respectively.
  
Foreign and Arab institutions were net buyers recording a net flow of LE38.9 million and LE12.8 million, respectively, while local institutions were net sellers, recording net flows of LE16.7 million.
 
The EGX market capital lost LE7.81 billion (US$1 billion), hitting LE420.80 billion, compared to LE428.61 billion on Sunday. 
 

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