Cairo – Mubasher: The Egyptian Exchange (EGX) opened the mid-week trading session in the red territory.
By 10:15am Cairo time, the benchmark index EGX30 lost 126 points, or 1.51%, to reach 8,237 points.
The small and mid-cap index EGX70 was lower 0.3% to 346 points.
Likewise, the broader index EGX100 and the equal-weighted index EGX50 declined 0.26% to 346 points and 0.47% to 794.7 points, respectively.
Nationals and foreign investors were net sellers by EGP 41.4 million and EGP 20.4 million, while Arab traders were net buyers by EGP 61.8 million.
Trading value reached EGP 16.5 million after 11.9 million shares were traded.
Out of 70 traded stocks, 37 were down, 3 up and 30 flat by 10:15am Cairo time.
Earlier, analysts told Mubasher that the downturn is likely to continue during the mid-week trading session amid negative data regarding the devaluation and the halt of Saudi petroleum aid in October.
