Cairo – Mubasher: The Egyptian Exchange ended in red zone on Wednesday, snapping two straight sessions of gains.
The benchmark index EGX30 dropped 5.3% or 320.8 points closing at 5,776.6 points.
The market capitalization shed nearly EGP 10.89 billion reaching EGP 381.8 billion.
Local and Arab investors stepped in as net buyers with EGP 19.9 million and EGP 22.6 million respectively, while the foreign investors came out as net sellers with EGP 42.5 million.
The institutions came as net sellers, while the retail investors came as net buyers.
The small and mid-cap index EGX70 edged down 3.1% to 343.4 points, while the broader index EGX100 lost 2.8% to 691.6 points.
The equal-weigh index EGX50 retreated 3.6% to 1,042 points.
The stocks of Commercial International Bank, Talaat Moustafa Group, Palm Hills and Orascom Telecom Media declined 8.7%, 9.8%, 9.8% and 8.6% respectively.
The marketing witnessed 460.2 million shares changed hands worth EGP 1.4 billion.
Out of 166 stocks traded today, decliners outnumbered advancers by 124 to 14, while 28 stocks remained unchanged.
