Cairo - Mubasher: The Egyptian Exchange (EGX) ended Wednesday’s trading session in red on the pressure of the selling activity of foreign and Egyptian investors.
The benchmark index EGX30 lost 0.44% or 53.38 points, and closed at the level of 12,448.35 points, its lowest level since 3 January.
EGX70 declined 60% to 507.16 points, while the broader index EGX100 went down by 0.56% to the level of 1,209.57 points.
Meanwhile, the the equal-weighted index EGX50 slipped 0.2%, closing at 1,923.36 points.
The market capital decreased by EGP 6.7 billion and closed at 607 billion.
Traded volumes reached 199 million shares with a total turnover of EGP 830 million.
Egyptian and foreign investors leaned towards selling as they netted EGP 3.04 million and EGP 10.3 million respectively, while Arab investors were net buyers at EGP 13.3 million.
The stock of Commercial International Bank (CIB), which has the biggest weight in the main index, lost 0.51%, and closed at EGP 76, with a traded value of EGP 79 million.
Global Telecom led the decliners and fell 4.05%, followed by Orascom Construction with 3.87%.
