Cairo – Mubasher: Egypt’s stock market drifted lower in Tuesday’s early trade, pressured by leading stocks mainly CIB (-1.46%), TMG (-1.17%) and Qalaa (-1.33%).
Meanwhile, GTH, EFG-Hermes and Palm Hills rose by 1.02%, 0.12% and 0.45% in a row.
The main index, or EGX30, fell by 0.25% or 16 points to move below the 6,400 mark at 6,391 points.
The equal-weighted index EGX50 slid 0.10% to reach 1,093 points, while EGX70 lost 0.31% to 351.8 points and the broader index EGX100 skid 0.22% to 743 points.
Traded value amounted to EGP 107 million, upon trading 44.5 million shares via 2,800 transactions.
Foreign traders were net sellers by EGP 18.6 million, while nationals and Arabs were net buyers by EGP 13.3 million and EGP 5.3 million respectively.
