Cairo – Mubasher: The Egyptian Exchange (EGX) closed Thursday in red territory, pressured by local sell-offs.
The benchmark EGX30 index declined 28.58 points, or 0.17%, to finish at 16,633.97 points.
The small- and mid-cap index EGX70 went down 0.5% to 858.37 points, while the broader EGX100 index decreased 0.45% to end at 2,179 points.
The equal-weighted index EGX50 tumbled 0.44% to 2,896 points.
Market capitalisation retreated EGP 524 million, closing at EGP 948.5 billion.
The bourse's trading volume reached 113.4 million shares exchanged at a turnover of EGP 700.5 million through 18,300 transactions.
Egyptian traders were net sellers with EGP 60 million, while Arab and foreign investors were net buyers with EGP 5.4 billion and EGP 54.6 million, respectively.
The heavyweight Commercial International Bank’s (CIB) stock increased 1.21% to EGP 85.47, with a turnover of EGP 41.5 million.
Emaar Misr, Eastern Co, and Abu Dhabi Islamic Bank Egypt (ADIB) stocks gained 4.77%, 2.31%, and 1.59%, respectively.
On the flipside, Porto Group Holding’s stock was the worst performer with 3.33%, followed by Qalaa Holdings with 3.32%, and Pioneers Holding Company for Financial Investment with 2.78%.
