Cairo – Mubasher: The Egyptian Exchange (EGX) indices declined collectively on Thursday on selling pressure by foreign investors.
The benchmark index EGX30 slide 0.3% or 23.8 points to close at 7,913.9 points.
The small and medium caps index EGX70 inched down 0.09% to 345.7 points, while the broader index EGX100 lost 0.12% to 788.7 points.
The weighted index EGX50 went down by 0.32% to 1,321.4 points.
The market witnessed 112.1 million shares changed hands worth EGP 408.2 million.
Out of 169 stocks traded today, decliners outnumbered advancers by 57 to 45 while 67 stocks remained unchanged.
Foreign investors were net sellers with EGP 32.3 million, while local and Arab investors were net buyers with EGP 29.6 million and EGP 2.74 million respectively.
Retail investors were net sellers with EGP 19.5 million, while institutions were net buyers.
Only a few of the EGX30 constituents ended the day in the green territory, with Telecom Egypt on top of the best performers, up 2.2%, on the back of today’s announcement that all three mobile phone operators have declined the 4G license terms, which ETEL had acquired earlier this month.
Cairo Oils and Soap, and Arab Cotton Ginning were also among the top performers as each rose 1.8%, and 0.4%, respectively.
