Cairo – Mubasher: The Egyptian Exchange (EGX) continued its downward trend, pressured by the decline in the Commercial International Bank – Egypt’s (CIB) stock.
The main EGX30 index retreated by 3.5% to close at 10,602 points as CIB plunged by 6.9% to EGP 61.83 after seeing a turnover of EGP 215.88 million.
The EGX decided to resume trading on CIB’s shares after being halted on Thursday upon a request from the Financial Regulatory Authority (FRA).
Similarly, the small- and mid-cap EGX70 EWI dropped by 1.98% to 1784 points, while the EGX100 EWI slid by 1.77% to 2645 points.
Meanwhile, the EGX50 EWI fell by 2.17% to close at 1945 points.
The market cap value lost EGP 10.4 billion to register EGP 598.703 billion.
Local investors were net buyers with EGP 109.44 million, while foreign and Arab investors were net sellers with EGP 91.97 million and EGP 17.47 million, respectively.
The market’s turnover registered EGP 871.25 million after 244.919 million shares were exchanged through 33,729 transactions.
