Egypt’s stocks market closed on retreat on Monday, weighed down by selling pressure on stocks, although its market capitalization gained more than 8 billion pounds due to the addition of capital increases of some companies.
The market capitalization of listed companies gained EGP 8.1 billion to reach EGP 799.5 billion after total turnover of EGP 1.38 billion. The deal included an over-the-counter market transfer of 350 million pounds.
The benchmark EGX-30 index fell 0.45 percent to reach 13,906.31 points, while the EGX-70 index fell 1.33 percent to end the trading session at 689.02 points.
The declines also extended to the broader EGX-100 index, shedding 1.11 percent of its value to end trading at 1,733.13 points.