Cairo - Mubasher: The Egyptian Exchange (EGX) ended Sunday’s trading session, the first after the recent interest rates hike, in a decline, despite narrowing some of the losses seen in early trade.
The benchmark index EGX30 lost 0.21% or 27.79 points, and closed at the level of 13,342.09 points.
The EGX70 index went down 1% to 680.55 points, while the broader index EGX100 gained 0.54% and closed at 1,554.75 points.
Meanwhile, the equal-weighted index EGX50 decreased by 1.14% to the level of 2,070 points.
The market capital increased by EGP 848.2 million to a total of EGP 701.7 billion.
Traded volumes amounted to 195.69 million shares, with a turnover of EGP 684.11 million, through 22,850 transactions.
Egyptian and Arab investors were net buyers at EGP 20.70 million and EGP 23.15 million, respectively, while foreign investors were net sellers at EGP 42.74 million.
EGX30 saw a decline of 0.81% in early trade, on the back of the recent decision by the central bank to raise interest rates.
On Thursday, the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) announced raising interest rates by 2% or 200 basis points (bps).
