EGX 30 sheds 1.9%

The Egyptian stock exchange Tuesday fell slightly as continued selling by foreign and Arab investors outweighed concurrent purchasing by local investors. The EGX 30 index dipped 1.9 percent, losing 125 points to close the trading session at 6483 points.

The market fell by a mere 0.04 percent overall, with 97 company shares losing value against 71 gainers. Total trading for the day, meanwhile, totaled some LE1 billion.

According to Mohamed Abdel Salam, general manager of the Misr Company for Central Clearing, Depository and Registry, the day saw virtually no trading in shares of local telecommunication giant MobiNil.

Translated from the Arabic Edition.

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