Cairo – Mubasher: The Egyptian Exchange delivered a mixed performance in Tuesday's mid-trade due to a selling wave by Arab investors.
The main index EGX30 declined 0.26%, or 27 points, to the mark of 10,667 points by 11:50am Cairo local time (CLT).
The small and mid-cap EGX70 rose 0.42% to 417 points.
The broader index EGX100 and the equal-weighted index EGX50 were lower 0.23% and 0.63%, respectively.
Nationals and foreigners were net buyers by EGP 3.6 million and EGP 31 million, while Arabs were net sellers by EGP 34.6 million.
In terms of value, Palm Hills was the most active stock with a 1.7% rise after 28.7 million shares were traded at more than EGP 84.4 million.
In terms of volume, Orascom Telecom was the most active with a 3.95% rise after 39.5 million shares were traded at more than EGP 31 million.
Earlier, market analyst Ayman Fouda forecasted the first half of the session to see a corrective wave of profit-taking, while the bourse will likely bounce back to the green territory in the second half.
The benchmark index is likely to face resistance at the 10,850 – 11,100 area, while having support at the 10,500-200 zone, Fouda added.
