Cairo - Mubasher: The Egyptian Exchange’s (EGX) indices ended Wednesday on a mixed note, as the benchmark index EGX30 lost 1.41% or 98.71 points to settle at 6,922.71 points.
Earlier, both the Egypt Central Bank and Egyptian Exchange announced that Thursday, 7 January, will be an official vacation on the occasion of Christmas holiday.
The stocks closed weaker today were Commercial International Bank, Orascom Telecom Media, Orascom Construction, Talaat Moustafa, Global Telecom, Qalaa, Pioneers, EFG-Hermes, Palm Hills and Porto Group as they went down within the range of 0.35% to 3%.
"The benchmark ended Wednesday in negative zone amid profit-taking spree," said Sameh Gharib, head of technical research, Roots Securities.
The benchmark is expected to continue its attempts to keep its position above the primary support level of 6,900 points, through the next session on Sunday, added Gharib.
The main gauge is seen adopting an upside trend on the short run and a downside trend on the medium term, noted the analyst.
The small and mid-cap index EGX70 went up 0.45% to 384.8 points, while the broader index EGX100 inched down 0.33% to 787.98 points.
The equal-weighted index EGX50 lost 0.38% to 1,194.85 points.
Wednesday’s total turnover reached EGP 438 million, with 174.5 million shares changed hand through 20,700 transactions.
The market capitalisation lost EGP 993.6 million ($127 million) to close at EGP 428.987 billion.
Foreign and Arab investors came as net sellers with EGP 34.2 million and EGP 3.1 million respectively, while local investors came as net buyers with EGP 37.3 million.
Out of the 163 companies traded today, advancers outnumbered decliners by 76 to 53, while 34 others remained unchanged.
