Cairo – Mubasher: Egyptian Exchange (EGX) indices closed Wednesday on a mixed note with the EGX30 shrugging off earlier losses and closing at a marginal rise of 0.03% or 3.7 points to 14,682.14 points.
Commercial International Bank – Egypt’s (CIB) stock grew 2.06%, it sharpest rising pace since the start of December, to end the session at EGP 73.98, logging a turnover of EGP 79.8 million.
On the other hand, the EGX70 index for small and medium caps declined 1.15% to 830.77 points, while the EGX100 and equal-weight EGX50 indices lost 0.76% and 0.71% to 1,947.19 points and 2,566 points, respectively.
EGX market capitalisation shed EGP 5.6 billion and closed at EGP 821.8 billion.
Turnover amounted to EGP 914.4 million after 183.6 million shares changed hands through 27,510 transactions.
Foreign investors were mostly buyers, netting EGP 64.87 million, while Egyptians and Arabs were sellers, netting EGP 56.3 million and EGP 8.5 million, respectively.
Apart from CIB’s stock, most EGX-listed blue chips ended the session on a low note, with Abu Dhabi Islamic Bank (ADIB) – Egypt dropping 5.01%, while Emaar Misr and Palm Hills Development retreated 3.9% and 3.5%, respectively.
On the other hand, Heliopolis Company for Housing and Development led risers, surging 6.94%, while Cairo Oils increased 1.07%.
