The Egyptian Exchange (EGX) continued to fall sharply for the second session in a row on Monday amid share sales by Arab, local and foreign institutions and mutual funds.

The market capital lost about EGP 5.8 billion to hit EGP 416.8 billion after transactions reached EGP 580 million.

The main benchmark EGX 30 index went down by 2.17 percent reaching 6,634.98 points.

The broader EGX 70 index of the leading small and medium sized enterprises (SMEs) dropped by 1.73 percent recording 374.45 points.

The overall EGX 100 index declined 1.58 percent reaching 764.46 points.