Egypt's stock market closed lower on Tuesday, weighed down by broad-based losses across major indices and net selling by Egyptian and Arab investors. The benchmark EGX30 index slipped 0.46 per cent to 32,707.22 points, while the EGX33 Shariah-compliant index dropped 1.02 per cent to 3,401.44 points. The EGX70 index for small and mid-cap stocks fell 0.85 per cent to 9,882.63 points, and the broader EGX100 index declined 0.96 per cent to 13,348.18 points. Total market capitalisation stood at 2.33 trillion Egyptian pounds. Egyptian investors recorded net sales of 18.3 billion pounds, followed by Arab investors with net sales of 3.2 billion pounds. In contrast, foreign non-Arab investors were net buyers, with inflows of 21.5 billion pounds. Top Gainers 1. Shares of Egyptians Real Estate Fund Certificates soared 19.95 to close at 13.170 Egyptian pounds a share. 2. Shares of Contact Financial Holding jumped 6.79 per cent, closing at 5.660 per share. 3. Shares of Orascom Financial Holding climbed 6.50 per cent, to close at 0.623 Egyptian pounds per share. Top Losers 1. Shares of B Investments Holding dived 20.00 per cent, to close at 32.000 Egyptian pounds a share. 2. Shares of Certificates of Odin Egyptian Equity Investment Fund-KASAB sank 19.89 per cent to close at 4.350 Egyptian pounds a share. 3. Shares of Arab Cotton Ginning plunged 8.96 per cent closing at 9.450 Egyptian pounds a share. Subediting: Y.Yasser
