Cairo – Mubasher: The Egyptian Exchange (EGX) continued its losing streak at the end of Wednesday’s trading session as coronavirus fears outweighed the positive impact of the government’s decision to cut bourse stamp taxes.
The benchmark EGX30 index fell by 4.84% to close at 8,756 points.
Likewise, the EGX70 EWI index dropped by 5.67% to 843.35 points, while the EGX100 index shrank by 5% to 927.86 points.
The market cap value lost EGP 18.8 billion to EGP 493.63 billion.
The market’s turnover amounted to EGP 524.05 million after 168.8 million shares were traded through about 18,240 transactions.
Foreign and Arab investors were net sellers with EGP 3.05 billion and EGP 246.2 million, respectively, while Egyptian investors were net buyers with EGP 3.29 billion.
