Cairo – Mubasher: The Egyptian Exchange has changed its upward trend to close Thursday’s trading session in red territory, pressured by local selling as the US stock market plunged again yesterday.
The benchmark EGX30 index slid 0.77%, or 115.76 points, to 14,921.29 points.
The EGX70 index tumbled 0.66% to 848.49 points, while the EGX100 index slipped 0.61% to 2,025 points.
Likewise, the equal-weighted EGX50 index dipped 0.2% to 2,647 points.
Trading volume reached 201.3 million shares exchanged at a turnover of EGP 1.08 billion through 25,880 transactions.
Egyptian investors were mostly sellers, netting EGP 79.49 million, while foreign and Arab investors were net buyers with EGP 29.8 million and EGP 49.6 million, respectively.
The heavyweight Commercial International Bank Egypt (CIB) shed 1.03% to EGP 76.15 at a turnover of EGP 79 million.
