Cairo – Mubasher: The Egyptian Exchange (EGX) closed Wednesday down for the third session in a row, pressured by foreign selling.
The benchmark EGX30 index shed 0.8% or 115.38 points to 14,345.58 points.
Market capitalisation closed at EGP 793.9 billion, losing EGP 4.3 billion.
The heavyweight Commercial International Bank (CIB) fell 1.76% to EGP 73.1 at a turnover of EGP 120.6 million.
The EGX70 index tumbled 0.97% to 773.4%, while the EGX100 slipped 0.73% to 1,816.67 points.
The equal-weighted EGX50 index dipped 0.63% to 2,506 points.
Trading volume reached 235.17 million shares exchanged at a turnover of EGP 1.1 billion through 27,210 transactions.
Foreign investors were net sellers with EGP 96.4 million, while Egyptian and Arab investors were net buyers with EGP 23.4 million and EGP 73 million, respectively.
Blue chips including Arabian Cement, Kima, and Egyptian Iron and Steel dropped 8.47%, 4.04%, and 3.15%, respectively.
On the other hand, Telecom Egypt, Domty, and Eastern Co rose 3.05%, 3.03%, and 0.71%, respectively.
