Cairo – Mubasher: The Egyptian Exchange (EGX) closed Thursday, the last trading session of the week, in the red following pressure from foreign and Arab investors’ selling.
The benchmark EGX30 index fell 0.86% or 113.5 points and closed at 13,114.86 points.
The EGX70 index edged up 0.10% to 523.87 points, while the EGX100 lost 0.26% to 1,258.97 points. Meanwhile, the equal-weight EGX50 ended down by 0.78% to 1,995.29 points.
Commercial International Bank – Egypt (CIB), the EGX’s heaviest weighted stock, declined 2.16% to EGP 79.10.
Ezz Steel, Sidi Kerir Petrochemicals, Oriental Weavers, Qalaa Holdings and Amer Group were among the worst performers today, falling between 4.84% and 3.33%.
On a positive note, seven blue chips were amongst the gainers, with Egyptian Iron and Steel surging 9.85%, Domty and Universal rising 6.62% and 5.81%, respectively.
Foreign and Arab selling netted EGP 4.4 million and EGP 27.6 million, respectively, while Egyptians were net buyers with EGP 32.03 million.
Turnover reached EGP 978.6 million, after 213 million shares changed hands through 27,600 transactions.
Market capitalisation was down by EGP 4.7 million to close at EGP 634.3 billion.
The EGX ended Wednesday at a rise, backed by foreign buying, with the EGX30 adding 0.75% or 99.06 points to 13,228.33 points.
