Cairo – Mubasher: Sell-offs by Arab and foreign investors have dragged down the indices of the Egyptian Exchange (EGX) early Wednesday.
By 10:22 am Cairo time, the benchmark EGX30 index slipped 74.33 points, or 0.53%, to 13,831.98 points.
The small- and mid-cap EGX70 index inched down 0.04% to 688.75 points, whereas the broader EGX100 index dipped 0.18% to 1,730 points.
Similarly, the equal-weighted EGX50 index shed 0.43% to 2,226 points.
Trading volume amounted to nearly 30.9 million shares exchanged at a turnover of EGP 84.10 million through 3,200 transactions.
Egyptian investors were net buyers with EGP 3.4 million, while foreign and Arab investors were net sellers with EGP 1.75 million and EGP 1.70 million.
The heavyweight Commercial International Bank (CIB) slid 0.76% to EGP 81.96.
