Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices dropped collectively early Wednesday, pressured by Egyptian and foreign selling.
By 10:26 Cairo time, the benchmark EGX30 index inched down 0.18% or 25.09 points to the level of 13,679.04 points.
The EGX70 index fell 0.52% to 768.41 points, while the EGX100 index slipped 0.42% to 1,700.63 points.
The equal-weighted EGX50 index shed 0.13% to 2,263 points.
Trading volume reached 73.5 million shares exchanged through 2,400 transactions at a turnover of EGP 102.1 million.
Egyptian and foreign investors were net sellers with EGP 8.2 million and EGP 407,300, respectively, while Arab were net buyers with EGP 9 million.
Blue chips including Citadel Capital, Egyptian Financial and Industrial (EFIC), and Egyptian resorts tumbled 2.21%, 1.84%, and 1.49%, respectively.
On the other hand, Porto Group Holding, Orascom Telecom, and Emaar Misr rose 2.22%, 1.32%, and 0.64%, respectively.
The heavyweight Commercial International Bank – Egypt (CIB) fell 0.18% to EGP 81.4, with a turnover of EGP 5.9 million.
