Home StocksEGX EGX Closes in Dark Red on MB’s Announcement of Al-Shater’s Candidacy

EGX Closes in Dark Red on MB’s Announcement of Al-Shater’s Candidacy

by Yomna Yasser

On Sunday’s closing session, the EGX incurred losses of L.E 4.11 billion as the capital market amounted to L.E 358.356 billion.

The main index, EGX 30 went down 1.42% to close at 4947.47 p. EGX20 fell 1.80% to close at 5708.65 p.

Meanwhile, the mid- and small-cap index, the EGX70 slumped 2.42% to close at 442.07 p. Price index EGX100 dropped 1.82% to close at 777.14 p.

Traded volume reached million 63.707 securities, at a value of L.E 219.901 million, exchanged through 16.439 thousand transactions.

This was after trading in 173 listed securities; 141 down and 20 up while 12 keeping their previous levels.

Egyptians were net sellers seizing 91.85% of the total market.

Arabs were net buyers seizing 1.25%.

Additionally, Non-Arab Foreigners were net buyers seizing 6.9%.

Egypt’s Muslim Brotherhood announced late on Saturday it will field its deputy chairman, Khairat al-Shater, as a candidate in the upcoming presidential election.

The Brotherhood’s supreme guide, Mohammed Badie, announced Shater’s nomination in a news conference and read out a brief statement from Shater, who was not present.

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