Cairo – Mubasher: The Egyptian Exchange (EGX) saw a downward trend early Wednesday amid local selling.
By 10:23 am Cairo time, the benchmark EGX30 index opened the session 0.33% or 45.44 points down to the level of 13,882.94 points.
The EGX70 index slipped 0.25% to 773.53 points, while the EGX100 index inched down 0.23% to 1,733.11 points.
The equal-weighted EGX50 index added 0.42% to 2,445 points.
Trading volume reached 21.4 million shares exchanged through 1,900 transactions at a turnover of EGP 49.5 million.
Egyptian investors were net sellers with EGP 2.07 million, while foreign and Arab investors were net buyers with EGP 227,700 and EGP 1.8 million, respectively.
The heavyweight Commercial International Bank – Egypt (CIB) shed fell 0.08% to EGP 77.65.
The EGX is likely to end Wednesday’s trading session in the red zone, analysts told Mubasher.
