Egypt's stock market ended in the red on Monday due to uncertainty surrounding the upcoming trial of ousted president Mohamed Morsi.

Egypt's benchmark index EGX30 fell by 2.1 percent on Monday to stand at 6070.35 points. Out of 174 shares traded, 143 lost value and only 27 registered gains.

"Fear of possible violence by Morsi supporters in protest of his trial is one of the main reasons for this significant drop," Ashraf Abdel-Aziz, head of institutional sales at the Cairo-based Arabia Online Securities, told Ahram Online.

Morsi's trial is expected to begin on 4 November, four working days from today.

According to Abdel-Aziz, however, the market's poor performance can be partially attributed to profit-making by investors.

"The events in Mansoura add to the apprehension of possible violence from Morsi supporters," Issa Fathy, vice president of the securities division at Cairo's Chamber of Commerce, told Ahram Online.

Three police men were killed in a drive-by shooting in Egypt's Mansoura on Monday morning.

"Today's session faced pressure due to the fall at the end of the previous session and the plunge of Palm Hills shares," added Abdel-Aziz.

Palm Hills will open subscriptions to raise capital on 4 November, with priority to current shareholders whose last chance to sell off their shares before the subscription was on Monday, said Fathy.

"The surge in share selling is the reason for the decline in Palm Hills share value," added Fathy.

Palm Hills share value fell by 5.15 percent, whereas T M G Holding saw a decline of 2.7 percent.

Egyptian Company for Mobile Services fell by 5 percent, while Orascom Telecom and Media Technology dropped by 2.9 percent.

In the banking sector, Commercial International Bank declined by 1.07 percent and National Societe Generale Bank saw a decrease of 4.3 percent.

Listed stock trading fell to LE461 million.