Cairo – Mubasher: The Egyptian Exchange initiated the first early minutes of Thursday’s session in the green zone, but saw a slide thereafter due to national and Arab investors’ selling wave.
By 10:35am Cairo time, the benchmark fell 30 points, or 0.40%, to the mark of 7,530 points.
The small and mid-cap index EGX70 opened 0.33% lower to 360 points.
Likewise, the broader index moved down by 0.31% to 768.9 points and the equal-weighted index edged down 0.21% to 1,345 points.
Around 18 million shares were traded at EGP 46 million in 1,900 transactions by 10:35am Cairo time.
National and Arab investors were net sellers by EGP 695,400 and EGP 1.5 million respectively, while foreigners were net buyers by EGP 2.2 million.
The top advancers were led by Beltone Financial by 9.9%, while El Nasr for Manufacturing Agricultural Crops fell by 2.3% to head the early top losers.
Analysts earlier expected EGX indices to keep running bullish in the last trading session this week, assuring that the main index (EGX30) will, if holding above 7,550 points, target higher levels.
The Egyptian Exchange finished Wednesday’s trading session in the green territory backed by Arab investors’ purchases. The main index EGX30 gained 102 points, 1.37%, to close at the mark of 7,559.87 points.
