Cairo – Mubasher: The Egyptian Exchange (EGX) opened Thursday's trading session on a mixed note amid Egyptian and foreign selling.
By 10:35 am Cairo time, the benchmark EGX30 index slipped 0.02% or 2.86 points to the level of 12,993.34 points.
The EGX70 index gained 0.94% to 693.35 points, while the EGX100 index ascended 0.62% to 1,561.43 points.
The equally-weighted EGX50 index shed 0.12% to 2,010 points.
Trading volume amounted to 16.9 million shares, exchanged at a turnover of EGP 43.49 million through 1,800 transactions.
Foreign and Egyptian traders were net sellers by EGP 916,150 and EGP 2.5 million, respectively, while Arab traders were net buyers by EGP 3.5 million.
Extracted Oils, Alexandria Mineral Oils Co (AMOC), and Talaat Moustafa Group Holding levelled up 1.24%, 0.67%, and 0.67%, respectively.
On the other hand, Porto Group Holding, Orascom Telecom, and Egyptian Resorts fell 2.56%, 1.52%, and 1%, respectively.
Commercial International Bank – Egypt (CIB) edged up 0.2% to EGP 81.5.
The EGX’s sideways-to-declining performance is expected to continue during Thursday’s session amid anticipation of the benchmark EGX30 index to close below the level of 13,000 points, analysts told Mubasher.
