Cairo – Mubasher: The Egyptian Exchange (EGX) closed Thursday’s session in the red zone, pressured by foreign selling.
The benchmark EGX30 index fell 1.27% or 177.75 points to the level of 13,847.36 points.
The EGX70 index slipped 0.69% to 763.03 points, while the EGX100 inched down 0.78% to 1,731.95 points.
Market capitalisation closed at EGP 771.03, losing EGP 4.4 billion.
The equally-weighted EGX50 index shed 0.91% to 2,445 points.
Trading volume stood at 204 million shares exchanged through 24,110 transactions at a turnover of EGP 912 million.
Foreign investors were net sellers with EGP 101.8 million, while Egyptian and Arab investors were net buyers with EGP 55.9 million and EGP 45.9 million, respectively.
The heavyweight Commercials International Bank (CIB) dropped 2.01% to EGP 73.16 at a turnover of EGP 125.4 million.
Blue chips including Oriental Weavers, Eastern Co, and Abu Dhabi Islamic Bank - Egypt (ADIB) tumbled 6.78%, 4.82%, and 3.85%, respectively.
On the other hand, Cairo Oils, Emaar Misr, and EFG Hermes levelled up 1.86%, 0.56%, and 0.04%, respectively.
