Cairo – Mubasher: The Egyptian Exchange (EGX) closed Wednesday's trading session down, pressured by Arab and foreign sell-off.
The benchmark EGX30 index plunged 111.67 points, or 0.68%, to 16,309 points.
The small- and mid-cap EGX70 edged down 0.44% to 804 points, while the broader EGX100 index inched down 0.81%, reaching 2,068 points.
The equal-weighted EGX50 index fell 0.65% to 2,744 points.
Market capitalisation lost EGP 6.4 billion, to close at EGP 904.47 billion.
Trading volume reached 255.5 million shares exchanged at EGP 714.12 million through 22,400 transactions.
Egyptian traders were net buyers with EGP 42.6 million, while foreign and Arab investors were net sellers with EGP 8.13 million, and EGP 34.4 million, respectively.
The heavyweight Commercial International Bank’s-Egypt (CIB) stock inched down 0.11% to close at EGP 85.9, with a turnover of EGP 113,000.
The stocks of Elsewedy Electric, Orascom Construction Ltd, and Eastern Co levelled down 6.24%, 2.5%, and 1.99%, respectively.
On the other hand, Arabian Cement’s stock rose 0.07%, while Abu Qir Fertilizers’ stock inched up 0.04%.
