Cairo – Mubasher: The Egyptian Exchange (EGX) closed Thursday’s trading session in red territory amid global stock rout, dragged down by foreign sell-offs.
The benchmark EGX30 index plummeted 337.92 points, or 2.48%, to 13,283.31 points, the lowest level since September 2017.
Foreign investors were net sellers with EGP 1.4 billion, while Egyptian and Arab investors were net buyers with EGP 967.9 million and EGP 524.4 million, respectively.
The small- and mid-cap EGX70 index shed 1.12% to 685.07 points, while the broader EGX100 index slipped 1.3% to 1,718.94 points.
Likewise, the equal-weighted EGX50 index fell 2.53% to 2,046 points.
Trading volume amounted to nearly 219.16 million shares exchanged at a turnover of EGP 865.4 million through 28,900 transactions.
The heavyweight Commercial International Bank (CIB) slid 0.41% to EGP 80.5, with a turnover of EGP 15.5 million.
Global Telecom topped declining blue-chip stocks with 7.47%, while Egypt Aluminum led top gainers with 6.4%.
Market capitalisation lost EGP 14.13 billion and closed at EGP 744.19 billion.
