EGX closes in red, market cap down EGP 554m

Cairo - Mubasher: The Egyptian Exchange (EGX) ended Tuesday in red, pressured by the selling activity of Arab and foreign investors.

The benchmark index EGX30 went down 0.11%, losing 15.36 points, and closing below 14,057.56 points.

Commercial International Bank - Egypt (CIB), the stock with the heaviest weight in the main index rose 0.61% to EGP 77.15, with traded volumes amounting to 703,350 shares with a total turnover of EGP 54.26 million.

EGX70 declined 0.58% to 771.39 points, while the broader index EGX100 levelled down 0.43%, closing at 1,744.57 points.

Similarly, the equal-weighted index EGX50 fell 0.64% to the level of 2,460.75 points.

The market capital lost around EGP 553.7 million, closing at EGP 773.8 billion.

Traded values reached EGP 1.1 billion, with a volume of 330.41 million traded shares, through around 32,630 transactions.

Egyptian investors leaned towards buying with a net EGP 37.88 million, while foreign and Arab investors were net sellers with EGP 20.26 million, and EGP 17.62 million, respectively.

Mubasher Contribution Time: 07-Nov-2017 14:27 (GMT)
Mubasher Last Update Time: 07-Nov-2017 14:27 (GMT)