CAIRO: The Egyptian stock market fell for the third day in a row Tuesday, losing 4.08 billion EGP (U.S. $684 million) due to sales by Arab and foreign investors. Egypt's main index, the EGX30, lost 1.6 percent to close at 4538 points, while the EGX70 and EGX100 fell by 1.5 and 1.4 percent, respectively. Egyptian investors constituted 67.87 percent of the trades, making a net purchase of EGP 33.7 million (U.S. $5.7 million) collectively. Foreign shareholders made up 25.41 percent of trades, collectively selling EGP 19.3 million (U.S. $114.8 million) worth of securities, and Arab shareholders purchased EGP 14.7 million (U.S. $2.5 million), making up 6.72 percent of trades. Institutions made up 36.86 percent of trading, while individual investors made up 63.13 percent. Several large companies' shares fell today, including AMER Group which lost 3.08 percent, EFG Hermes fell by 2.2 percent, AJWA by 2.2 percent, Orascom Construction by 0.15 percent, Commercial International Bank by 2.6 percent, Palm Hills by 2.9 percent, Talaat Mustafa Group by 1.7 percent, SODEC by 3.2 percent, Orascom Telecom by 1.7 percent, and Citadel Group by 1.7 percent.
