Cairo – Mubasher: The Egyptian Exchange (EGX) closed Thursday on a low note, pressured by foreign investors’ selling and blue chips.
The benchmark EGX30 index retreated 1.87%, shedding 340.3 points to closed the week’s final session at 17,832 points.
Meanwhile, the EGX 70 index lost 0.83% to 878.68 points, while the EGX100 index decreased 1.18% to 2,293 points, and the equal-weighted EGX50 index was down 1.44% to 3,025 points.
Market capitalisation dropped by EGP 11.89 billion and closed at EGP 991.9 billion on Thursday.
Turnover amounted to EGP 1.36 billion after 230.28 million shares changed hands through 31,800 transactions.
Foreign investors were sellers, netting EGP 93.6 million, while Egyptians and Arabs were buyers, netting EGP 47.3 million and EGP 46.3 million, respectively.
The Commercial International Bank – Egypt’s (CIB) stock, the market’s heaviest-weighted stock, dropped 1.48% to EGP 93.25, following a turnover of EGP 107.6 million.
The majority of the EGX’s leading shares ended Thursday’s session in the red, led by Qalaa Holding, which dropped 5.24%, followed by Egyptian Resorts Co and Emaar Misr with 5.15% and 4.45%, respectively.
Performing positively were Hadisolb’s stock, which added 1.45%, followed by Juhayna with 1.4% and GB Auto with 0.49%.
