Egypt's main index, the EGX30, slid by 0.82 percent on Monday as the session registered a weak turnover of LE221 million, due to continuing market uncertainty.

Major share Orascom Telecom Holding (OTH) declined by 0.69 percent, despite an offer made on 100 percent of its shares by a subsidiary of Russian billionaire Mikhail Fridman's Altimo, which was announced on Sunday.

"The negative performance of OTH shares today reflects investor uncertainty on whether the deal will actually take place, and when," said Ashraf Abdel Aziz, head of institutional sales at Cairo-based brokerage Arabeya Online.

"When OTH shares reached LE4.5 yesterday, under the LE4.80 ($0.70) per share offered in the deal, there was a selling pressure in the market in the following session."

Orascom Telecom Media and Technology Holding, for its part, fell 1.39 percent.

NSGB's stock, which is due to exit the market soon following its acquisition by Qatar National Bank (QNB), dropped 8.49 percent.

Egyptian Financial Group-Hermes Holding Company lost 0.82 percent.

Blue chip Commercial International Bank slid 0.40 percent and Orascom Construction Industries lost 0.89 percent.

Real estate stocks Six of October Development & Investment (SODIC) and Palm Hills Development Company lost 1.26 percent and 2.03 percent respectively, in a session which saw a 103 stocks declining, out of a total of 157 traded stocks.

The broader EGX70 declined by 0.68 percent.