Cairo – Mubasher: The Egyptian Exchange’s indices declined collectively on Wednesday, as the benchmark index EGX30 went down 0.83% or 50.71 points to close at 6,054.03 points amid foreign and Arab investors sell-offs.
The stocks of Commercial International Bank, Global Telecom, Palm Hills, Qalaa Holding and Orascom Construction went down within the ranges of 4.8% and 1.6%.
The small and mid-caps index EGX70 slipped 0.62% to 349.83 points, while the broader index EGX100 inched down 0.46%.
The weighted index EGX50 edged down 0.72% to 1,123.98 points.
The market capitalisation shed nearly EGP 1.6 billion ($206.6 million) to close at EGP 389.3 billion.
The market’s total trading value amounted to EGP 274.8 million, with 134.6 million shares changed hands.
Out of 159 stocks traded today, decliners outnumbered advancers by 27 to 94, while 38 stocks remained unchanged.
Foreign and Arab investors ended as net sellers with EGP 4.8 million and EGP 8.3 million, while local investors ended as net buyers with EGP 13.2 million.
