CAIRO: Egyptian stocks fell 3.4 billion EGP (U.S. $570 million) Tuesday due to a sell-off by Egyptian shareholders, despite Foreign and Arab investors' net purchases The main index, the EGX 30, closed at 4,251 points after declining by 1.2 percent, while the EGX 70 and EGX 100 fell by 3.2 percent and 2.6 percent, respectively. Trade volumes reached EGP 381.6 million. Foreign shareholders made 22.12 percent of trades, while Arab investors made up 5.12 percent and Egyptian traders made 72.76 percent of trades. Institutions made up 48.86 percent trades while individual investors made 51.14 percent. Shares suffering large drops included: Orascom Construction by 4.1 percent, Arab Gathering Investment by 3.4 percent, Juhayna by 1.08 percent, Pioneers by 1.4 percent, Ezz Steal by 2.7 percent, Sinai Cement by 1.3 percent, EFG Hermes by 0.75 percent, United Housing and Development by 3.6 percent, SODEC by 0.61 percent, and Commercial International Bank by 0.75 percent.
