EGX closes Sunday in red zone; market cap sheds EGP 6bn

Cairo – Mubasher: The Egyptian Exchange (EGX) was a bearish trend on Sunday, pressured by local selling.

The benchmark EGX30 index closed 0.95% or 135.57 points down at 14,183.77 points.

The EGX70 index fell 0.63% to 784.73 points, while the EGX100 index slipped 0.67% to 1,764.60 points.

The equal-weighted EGX50 index tumbled 1.4% to 2,496.72 points.

Egyptian investors were net sellers with EGP 33.85 million, while foreign and Arab investors were net buyers with EGP 5.6 million and EGP 28.24 million, respectively.

Trading volume stood at 304.2 million shares exchanged through 29,600 transactions at a turnover of EGP 873.8 million.

The heavyweight Commercial International Bank (CIB) shed 0.56% to EGP 77 at a turnover of EGP 11.3 million.

Market capitalisation closed at EGP 774.79 billion, losing EGP 5.99 billion.

Mubasher Contribution Time: 05-Nov-2017 15:25 (GMT)
Mubasher Last Update Time: 05-Nov-2017 15:25 (GMT)