Cairo – Mubasher: The Egyptian Exchange’s indices (EGX) closed Tuesday’s down, pressured by foreign selling.
The benchmark EGX30 index closed down 1.03% or 144.45 points to the level of 13,824.08 points.
The heavyweight Commercial International Bank – Egypt (CIB) dropped 2.21% to EGP 77, with a turnover of EGP 74.4 million.
Market capitalisation closed at EGP 771.64 billion, losing EGP 3.6 billion.
The EGX70 index inched down 0.12% to 799.58 points, while the EGX100 index slipped 0.2% to 1,785.4 points.
The equally-weight EGX50 index shed 0.18% to 2,399.4 points.
Trading volume amounted to 392.5 million shares exchanged through 44,000 transactions at a turnover of EGP 1.3 billion.
Blue chips including Egyptian resorts, Ezz Steel, and Abu Dhabi Islamic Bank - Egypt (ADIB) fell 4.79%, 3.97%, and 3.78%, respectively.
On the other hand, Egyptian Iron and Steel (HADISOLB), Madinet Nasr Housing and Development, and Egyptian Chemical Industries (Kima) levelled up 5.68%, 3.88%, and 3.77%, respectively.
Foreign investors were net sellers with EGP 36.2 million, while Arab and Egyptian investors were net buyers with EGP 7.6 million and EGP 28.5 million, respectively.
