Cairo – Mubasher: The Egyptian Exchange (EGX) indices declined collectively on Wednesday amid foreign investors sell-off.
The benchmark index EGX30 sagged 4% or 258.69 points to close at 6,205.23 points, to hit its lowest level in 25 months or since 28 November 2013.
The stocks of Commercial International Bank, EFG-Hermes, Palm Hills, Orascom Telecom Media, Orascom Construction, Talaat Moustafa Group, Global Telecom, Qalaa Holding, Porto Group and Emaar Misr went down within the range of 2% to 10%.
The equal-weighted index EGX50 lost 3.89% to 1,096.8 points.
Similarly, the small and mid-cap index EGX70 declined 3.76% to 358.33 points, while the broader index EGX100 went down 3.5% to 731.31 points.
Monday's total turnover reached EGP 1.2 billion with 358.5 million shares changed hand, through 28,900 transactions.
The market capitalisation shed EGP 9.4 billion ($1.2 billion) reaching EGP 401.75 billion.
Local and Arab investors stepped in as net buyers with EGP 8.2 million and EGP 12.8 million respectively while foreign investors came out as net buyers with EGP 21 million.
Institutions came as net sellers, while retail traders were net buyers.
Out of the 175 companies traded today, decliners outnumbered advancers by 140 to 7, while 28 others remained unchanged.
