the Egyptian stock Exchange fell down today
Egypt's main stock market index, EGX 30, followed the trend of a downward turn across global markets, ending the day down 1.64% to close at 6704.83 points.
Despite a total turnover of more than LE1 billion, Orascom Telecom came at the top of losers, with a decline of 4 .11%. Despite solid results so far this year, EFG-Hermes Holding, the largest investment bank in the Middle East, was not immune to the trend. The share shed 1.7% to close at LE33.62.
Foreign and Arab traders, who accounted for some 39% of total trading, tended to sell today. Foreign net sales totalled LE41 million, with Arab net sales amounting to LE13.35 million. Egyptian buying transactions exceeded selling.