Cairo – Mubasher: The Egyptian Exchange (EGX) closed in negative territory on Tuesday amid selling pressures by local investors.
The benchmark index EGX30 edged down 0.76% or 66 points to the close at 8,387.5 points.
The small and medium caps index EGX70 went up 0.67% to 367.6 points, while the broader index EGX100 rose 0.13% to 810.1 points.
The equal weighted index lost 1.5% to close at 1,411.5 points.
The largest EGX30 constituent CIB eased .62% to EGP 51.87 with trading value of EGP 144.9 million.
“The market moved down slightly today on profit taking ,” said Hesham Hassan, technical analyst.
The market capitalization shed around EGP 3.5 billion reaching EGP 417.2 billion, down from EGP 420.7 billion in the previous session.
The market trading value stood at EGP 715.6 million upon trading 222,600 shares.
Local investors ended as net sellers with EGP 35.7 million, while foreign and Arab investors ended as net buyers with EGP 15.5 million and EGP 20.1 million respectively.
