The benchmark EGX30 index fell 2.13% to close at 51,256 points, while the Sharia-compliant index dropped 1.97% to 5,705 points.
Market capitalization declined by around EGP15 billion to reach EGP3.739 trillion, amid total turnover of EGP58.1 billion.
The official said the investment banks managing the deal, in coordination with Banque Misr and the Central Bank of Egypt, agreed to delay the offering by three to four months due to ongoing geopolitical tensions in the Middle East, as well as weaker market activity during the summer period.
Total market turnover reached EGP9.248 billion, with 3.922 billion shares traded through 213,000 transactions.
The benchmark EGX30 rose 0.17% to 52,652 points, while the Sharia index gained 0.4% to 5,922 points.
