The Egyptian stocks market further declined on Tuesday’s session as it is still affected by the negative performance of global stock markets driven by heavy selling pressure.
Egypt's benchmark stock EGX30 fell for the seventh day, plunging 2.60 percent on Tuesday to close at 8,878.19 points approaching to the support level at 8,800 points, Sigma Securities Brokerage said in report.
The broader EGX70 index slipped 2.63 percent to 597.73 points, compared to 613.85 points on Monday.
Foreign and Arab institutions were net buyers, recording LE65.55 million and LE10.26 million respectively, while local institutions were net sellers at LEP39.88 million, stock market data showed.
Meanwhile, Egyptian and Arabs retail investors closed as net sellers recorded LE20.24 million and LE15.52 million respectively.
Moreover, the market capitalization incurring losses worth 9.5 billion, closing at LE499.1 billion compared to LE508.6 billion on Monday.
