Cairo – Mubasher: The Egyptian Exchange closed on negative note on Wednesday as the benchmark index EGX 30 edged down 0.48% or 40.11 points to close at 8,347.38 points on selling pressures by institutions.
The market capitalization shed EGP 1.1 billion ($125 million) reaching EGP 416.07 billion.
The leading stocks of each of Amer Group, EFG-Hremes, Egyptian for Tourism Resorts, Qalaa Holding, CIB and GB Auto went down within the range of 1% to 6.3%.
The small and medium caps index EGX70 eased 0.48% to 365.85 points, while the broader index EGX100 added 0.26% to close at 812.21 points.
The equal weighted index EGX50 slide 0.27% to 1,407.64 points.
The market witnessed 223.6 million shares changed hands worth EGP 673.2 million executed through more than 21,500 transactions.
Out of 165 stocks traded today, decliners outnumbered advancers by 70 to 54, while 41 stocks remained unchanged.
Foreign investors ended as net sellers with EGP 45.2 million, while local and Arab investors ended as net buyers with EGP 41.9 million and GP 3.2 million respectively.
Institutions ended as sellers, while retail investors ended as net buyers.
