Cairo – Mubasher: The Egyptian Exchange (EGX) edged lower in Wednesday’s early trading pressured by selling activity by foreign investors, in addition to the declines of the leading stocks.
The benchmark index EGX30 lost 1.28% or 107 points to 8,280.6 points.
The small and medium caps index EGX70 went down 0.29% to 366.5 points, while the broader index EGX 100 eased 0.38% to 807 points.
Wednesday’s early trading witnessed trading value of EGP 92.3 million.
Earlier, technical analysts told Mubasher that they expect the market to see slight profit taking in the framework of normal correction trend, noting that Egypt’s bourse adopts upside trend as long as the benchmark keeps its position above the level of 7,993 points.
