Local stocks down, Gulf stocks in the green
CAIRO, July 16, 2018 – The local stock exchange ended Monday in the red driven by sell-offs by foreigners.
The bourse's main index EGX30 fell by 1.18 per cent to 15,655.89 points. The small and mid cap EGX70 shed 7.48 points or 0.97 per cent to close at 762.28 points., while the broader index EGX100 lost 1.2 per cent to close at 1,956.91.
Market capitalisation lost about LE7.6b to close at LE878.2b amid transactions that hit LE799.3b.
In the United Arab Emirates, The Dubai Financial Market General Index (DFMGI) gained 0.67 per cent or 19.30 points to close at 2,919.46 points, meanwhile Abu Dhabi index gained 1.08 per cent or 50.89 points to close at 4,747.09 points.
In Saudi Arabia, TASI index gained 85.66 points or 1.02 per cent to close at 8,490.75 points.
The Bahrain BSEX index gained 0.60 per cent or 8.03 per cent to close at 1,351.87. Meanwhile, the Omani MSM30 index lost 0.18 per cent or 8.0 points to close at 4,448.77 points.