Cairo – Mubasher: The Egyptian Exchange (EGX) has seen a downward early Thursday as the US Federal Reserve raised interest rates.
By 10:24 Cairo time, the benchmark EGX30 index dipped 26.10 points, or 0.2%, to 13,052.04 points.
The small- and mid-cap EGX70 index slipped 0.14% to 675.22 points, while the broader EGX100 index shed 0.17% to 1,689.94 points.
The equal-weighted EGX50 index tumbled 0.96% to 2,133 points.
Trading volume amounted to 16.1 million shares exchanged at a turnover of EGP 84.3 million through 2,007 transactions.
Foreign investors were net sellers with EGP 13.2 million, while Egyptian and Arab investors were net buyers with EGP 11.5 million and EGP 1.7 million, respectively.
The heavyweight Commercial International Bank (CIB) jumped 2.13% to EGP 76.03, with a turnover of EGP 18.5.
