Cairo – Mubasher: The Egyptian Exchange’s indices finished Wednesday’s trading session in the red zone, pressured by the sales of foreign and Arab investors.

The benchmark index lost 93.6 points, 1.23%, to stand at 7,503.36 points.

Tracking EGX30 stocks’ movement, the largest EGX30 constituent CIB closed 1.3% lower.

The biggest losers were Emaar Misr (-5.5%), Egyptian Resorts (-5.1%) and Global Telecom (-4.9).

Further, Ezz Steel slipped 3.9% after reporting deeper net losses in Q1-16 (EGP 235.3 million versus Q1's EGP 145.9 million).

Meanwhile, the sole advancers were Elsewedy Electric and Credit Agricole-Egypt after gaining 1.9% and 1.3%, respectively.

The small and mid-cap index EGX70 declined 0.43% to 358.07 points.

Likewise, the broader index went down 0.58% to 763.99 points and the equal-weighted index decreased by 1.52% to 1,332.58 points.

Foreign and Arab investors were net sellers by EGP 8.7 million and EGP 3.7 million respectively, while nationals were net buyers by EGP 12.4 million.

Trading value reached EGP 516.4 million after 186.6 million shares were traded.

Market capitalization shed EGP 4 billion ($448.5 million) to end at EGP 401.4 billion against EGP 405.4 billion yesterday.

The top losers were headed by International Co For Investment (-7.7%), Ismailia National Food Industries      (-5.7%), and Sharkia National Food (-5.64%).

Meanwhile, the top gainers were Remco, Arab Pharmaceuticals, and Misr Oils & Soap with a rise of 9.2%, 4.7%, and 5.6%, respectively.