EGX indexes show mixed performance over IMF loan talks

The Egyptian Exchange (EGX) indexes showed mixed performance on Monday as the market anticipates the outcome of the government’s talks with the International Monetary Fund (IMF) for a three-year $12 billion loan.

Arab and foreign mutual funds were leaning to selling the shares, while Egyptian individuals were going for the purchase.

The market capital lost about EGP 2.8 billion to hit EGP 411.04 billion after transactions reached EGP 1.65 billion.

The main benchmark EGX 30 index went down by 0.66 percent reaching 7,930.14 points.

The broader EGX 70 index of the leading small and medium sized enterprises (SMEs) rose by 0.16 percent recording 362.14 points.

The overall EGX 100 index declined 0.25 percent reaching 780.87 points.