Cairo – Mubasher: EGX indices collectively finished the second trading session this week in the red territory.
The benchmark extended bear-run for the second straight session, losing 89.15 points, or 1.18%, to close at 7,442.44 points.
The small and mid-cap index EGX70 ended below 365.83 points, shedding 0.51% or 1.89 points.
The broader index fell by 0.71% to 767.49 points.
Likewise, the equal-weighted index slipped 1.24% to 1,382.82 points.
The total market value reached EGP401.54 billion against EGP403.96 billion yesterday, suffering the loss of EGP2.4 billion.
Tracking stock movement, Egyptian Media Production City and Alexandria Containers and goods led the advancers by 7.65% and 7.10% respectively.
On the other hand, the laggards were TransOceans Tours , Arab Pharmaceuticals, and El Obour Real Estate Investment with a slide of 14.29%, 10%, and 9.73% correspondingly.
The largest EGX30 constituent, CIB, finished 1.43% lower to EGP43.50 per share. With 3.66 million shares, it registered the highest turnover of EGP159.81 million.
Nationals and foreign investors were net sellers by EGP49.47 million and EGP6.33 million, while Arab investors were net buyers by EGP55.8 million.
Earlier, analysts expected the Egyptian Exchange to witness less sever losses on Wednesday after the benchmark hit the lowest level in three months yesterday.
