Cairo - Mubasher: The Egyptian Exchange ended Tuesday’s trading in red as stocks saw group decline on the pressure of the selling activity of foreign investors, as the market cap lost EGP 7.88 billion.
The benchmark index EGX30 fell by 1.96% or 253.58 points and closed at the level of 12,672.49 points.
EGX70 also declined by 1.5% to the level of 468.95 points, while the broader index EGX100 slipped 0.97% to 1,157.90 points.
Meanwhile, the equal-weighted index EGX50 lost 2.42% and registered 1,904.98 points.
Traded volumes reached 310.24 million shares with a turnover of EGP 1.39 billion, through nearly 29.500 transactions.
Today, 137 stocks closed in red, 24 remained unchanged, while 23 closed in green.
The Egyptian bourse’s market capital lost EGP 7.88 billion and closed at EGP 612.82 billion.
Foreign investors leaned towards selling netting EGP 136.25 million, while Egyptian and Arab investors were net buyers aw EGP 21.84 and 114.4 million respectively.
Tuesday’s session saw the decline of 28 blue chip stocks, led by Cairo Oils and Soap which dropped 12.82%, followed by GMC, Elsewedy Electric, and EFG Hermes with 5.81%, 5.63%, and 5.39% respectively.
On the other hand, four blue chips increased led by Eastern Company which gained 6.19%.
