Cairo - Mubasher: On Tuesday, the Egyptian Exchange’s (EGX) indices declined in midweek session, with the EGX30 slipping 50 points or 0.66%, to 7578 by 10:35am Cairo Local Time (CLT).
EGX70 also went down 0.22% to 358 points, while EGX100 lost 0.31% reaching 766 points.
EGX50, the equal weight index, was down 0.82% to 1350 points.
Leading stocks including CIB, Amer Group, EFG-Hermes, Talaat Moustafa Group, Palm Hills, Global Telecom, SODIC, Citadel, and Orascom Telecom, were all down between 0.4% and 3.5%.
Beltone Financial Holding recorded the only rise among leading stocks, going up 6.1% by 10:40 CLT.
Arab investors sold stocks with a net outcome of EGP 1.9 million ($213,940), while Egyptian and foreigner buying netted EGP 545,700 ($61,445) and EGP 1.4 million ($157,640), respectively.
Traded volume reached 32 million shares with a total turnover of EGP 59 million ($6.6 million) by 10:35 CLT. Meanwhile 51 shares went down, 9 were up, and 40 remained unchanged.
Analysts expect the EGX to adopt a sideways trend on the short term, after the benchmark index EGX30 did not break above the level of 7,645 points on Monday.
EGX30 closed on Monday at a rise of 0.38% or 29 points to 7628.6 points.
