Stock indices ended Monday’s trading session ins the red zone with the exception of the small and medium enterprises index.
Arab and foreign investors were leaned towards buying while Egyptian investors preferred to sell.
Experts said the lack of positive incentives has affected the liquidity.
The main EGX30 index fell by 0.12 percent to 8,305.25 points, the small and medium stocks EGX70 index went up by 0.36 percent to 592.56 points, and the broader EGX100 index dropped by 0.12 to close at 1,036.36 points.
Total trading stood at LE375.6 million and the market capital won LE419 million.
Financial expert Mohamed al-Husseini said investors are slowing down before Ramadan, calling for more incentives to encourage investors to pump more liquidity. “Now is the time to buy and reshape portfolios,” he said.
Stock Exchange Chairman Mohamed Omran that he intends to extend trading to five hours instead of four to start from 9:30am in the morning instead of 10am, and close at 2:30pm as usual.
He added that in Ramadan it will be the and a half hours instead of three from 10am, in the morning until 1:30pm.
Edited translation from Al-Masry Al-Youm
