Cairo – Mubasher: The Egyptian Exchange finished mid-week trading session in the red zone, reversing Tuesday’s early rise.
The benchmark closed down by 0.85% to 7,430.33 points, weakened by blue-chip stocks. Hermes, Global Telecom, SODIC, Palm Hills, and Talaat Moustafa Group saw a slide ranging from 1.9% to 4.5%. CIB in particular, the market’s heaviest weight stock, fell by 1.49% to EGP40.3 on Tuesday.
The small and mid-cap EGX70 stood at 360.8 points at close. The broader index EGX100 finished lower by 0.20% to 780.3 points. And the equal-weighted index fell by 0.87% to 1,350.8 points.
Market capitalisation lost EGP1.05 billion ($118.5 million), to close at EGP445.85 billion against EGP446.9 billion on Monday.
With 462.2 million shares changing hands, trading value reached EGP1.04 billion. In addition, the bourse saw 114 go downwardly, 40 go upwardly, and 27 stay unchanged.
National and foreign investors tend to sell their stocks by EGP43.7 million and EGP7.6 million respectively, while Arab investors were net buyers by EGP51.3 million.
