The Egyptian Exchange closed on Monday with losses amounting to EGP 3.8 billion affected by sales by foreign and Arab investment institutions and funds in the wake of a Moody's report.

The benchmark index EGX 30 went down by 1.87 percent to hit 635.665 points.

The broader EGX 70 index of the leading smaller and mid cap enterprises (SMEs) decreased by 1.47 percent to 344.48 points.

The all-embracing EGX 100 index went down by 1.29 percent taking the index to 735.94 points.