Cairo – Mubasher: The indices of the Egyptian Exchange (EGX) closed Tuesday’s trading session down, dragged down by Arab and foreign selling.
The benchmark EGX30 index dropped 260 points, or 1.58%, finishing the session at 16,197.44 points.
The small- and mid-cap EGX70 index slid 1.9% to 794.61 points, while the broader EGX100 index shed 1.76% to 2,030 points.
Likewise, the equal-weighted EGX50 index fell 1.99% to 2,709 points.
Market capitalisation lost EGP 12.2 billion and closed at EGP 902.7 billion.
Trading volume amounted to nearly 162.3 million shares exchanged at a turnover of EGP 781.3 million through 22,650 transactions.
The Commercial International Bank (CIB) inched up 0.07% to EGP 86.5 per share, with a turnover of EGP 44 million.
Most of the blue-chip stocks ended the session in red territory, topped by Emaar Misr, which dropped 5.22%, followed by Telecom Egypt and Kima which fell 4.61% and 4.55%, respectively.
On the other hand, GB Auto and Eastern Co were the top gainers, edging up 0.74% and 0.29%, respectively.
Egyptian investors were net buyers with EGP 32.5 million, while foreign and Arab investors were net sellers with EGP 17.6 million and EGP 14.9 million, respectively.
