Cairo – Mubasher: The Egyptian Exchange closed Wednesday on a mixed note on a selling wave by national investors.
The main index EGX30 declined or 67.9 points or 0.6% towards 11,317.17 points.
The broader index EGX100 edged down 0.08% to 1,062.87 points and the equal-weighted index EGX50 was 1.2% lower to 1,813.9 points.
Meanwhile, the small and mid-cap index EGX70 rose 0.11% to 450.6 points.
Accordingly, the main gauge registered the second decline in a row, while EGX70 ended on a higher note for the second straight session.
Trading value reached EGP 1.9 billion after 432.8 million shares were traded.
The bourse executed Obour land’s private and public offering today at EGP 774.4 million.
Ezz Steel registered the most active value for the second session in a row after achieving EGP 91.5 million. The stock quote fell 0.77% to EGP 12.9 a share.
Blue-chip stocks delivered a mixed performance today. The largest EGX30 component CIB inched up 0.01% to EGP 67.5 with a trading value of EGP 41.8 million.
Likewise, Global Telecom increased 0.7% to EGP 6 a share with transactions worth EGP 69.5 million.
On the flipside, Orascom Telecom lowered 5.19% to EGP 0.73 with a turnover of EGP 69.5 million.
Nationals were net sellers by EGP 525.2 million, while Arabs and foreigners were net buyers by EGP 104.5 million and EGP 420.7 million respectively.
By category, individuals were net sellers by EGP 481.4 million, while institutions were placed as buyers.
Market capitalization decreased by EGP 2.1 billion to close at EGP 566.4 million.
On Tuesday, the benchmark ended 0.5% lower to 11,389.4 points.
