Egypt's bourse continues downward trend

Egypt's bourse continued on Monday a downward trend as all indices were down at the start of trading prompted by sell-outs by Egyptian and foreign investors fearing Greece would come out from the European Union.

Continued sell-outs of shares of Emaar Misr company for the second consecutive day also pushed the bourse's indices down.

The capital market lost 10 billion pounds to hit EGP 486.5 billion.

The benchmark index EGX 30 retreated 3.1 percent down to 7,963.67 points.

The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) declined 1.65 percent to 431.26 points.

The all-embracing EGX 100 index followed suit with 1.73 percent taking the index down to 912.6 points.