Cairo – Mubasher: The Egyptian Exchange (EGX) indices retreated collectively on Wednesday, on selling pressures by local institutions.
The benchmark index EGX30 added 0.69% or 56.33 points to close at 8,146.1 points, while the small and medium caps index EGX70 went down 0.16% to 357.95 points.
The broader index EGX100 declined 0.71% to 813.43 points.
Today’s trading witnessed the beginning of trading the stocks of Misr Fertilizers Production Company (MOPCO), the first Egyptian public company listed on EGX in the last ten years.
The market capitalization went up EGP 5 billion to EGP 419.3 billion.
Foreign and Arab investors were net buyers with EGP 10 million and EGP 26.4 million respectively, while local investors were net sellers with EGP 36.5 million.
The market witnessed 82.8 million shares changed hands worth EGP 364.3 million.
Out of 152 stocks traded today decliners outnumbered advancers by 82 to 29, while 41 stocks remained unchanged.
