Cairo – Mubasher: The Egyptian Exchange (EGX) finished the mid-week trading session in the red territory as the benchmark EGX30 fell for the fourth session in a row.
EGX30 ended the mid-week trading session 0.98% lower to the mark of 7,570 points.
Most blue-chip stocks declined at close, excluding the stocks of Ezz Steel and El Sweedy that rose by 0.49% and 0.05%, respectively.
Meanwhile, Edita, EFG-Hermes, Al Qalaa, Amer Group, OTMT, Palm Hills, OCI, SODIC, Pioneers, TMG, CIB, and GTH saw a slide ranging between 1% and 7.7%.
Amid a selling wave by national and Arab investors, total market value shed EGP 3.78 billion ($425 million) to EGP 401.86 billion compared with EGP 405.64 billion on Monday.
Egyptians and Arab investors were net sellers by EGP 43.3 million and EGP 2.5 million correspondingly, while foreigners were net buyers by EGP 45.8 million.
On the same negative note, the small and mid-cap EGX70 slipped by 1.18% to 366.16 points.
The broader index EGX100 dipped 1.11% to 775.67 points.
The equal-weighted index EGX50 skidded 1.76% to the mark of 1,362.28 points.
With 138 million shares changing hands, market turnover reached EGP 429 million.
Out of 156 traded stocks, 110 went down; 14 moved up; and 32 steadied at their previous levels.
