Cairo – Mubasher: Egypt’s stock market indices were down on Thursday, amid selling pressures from national and Arab traders.
Market capitalisation lost around EGP 805 million to reach EGP 415.666 billion, compared with EGP 416.471 billion a session earlier.
The main index shed 0.24%, or 18.41 points, to close at 7,781.45 points. EGX70, which measures small and mid-cap stocks, sagged 0.02% to 376.83 points. The broader index EGX100 ended 0.09% lower at 802.30 points. The equal-weighted index EGX50 went down by 0.48% to 1,474.13 points.
Global Telecom stock was the value leader with around EGP 141.164 million. It fell by 4.72% to end at EGP 3.03, following the news that Dutch subsidiary GTH Finance issued bonds worth $1.2 billion.
Meanwhile, CIB, the market’s heaviest weight, rose by 0.78%. It recorded a traded volume of 2.86 million shares exchanged in 1,027 transactions at turnover reaching EGP 122.9 million.
National and Arab traders were net sellers by EGP 10.16 million and EGP 3.035 million respectively, while foreign traders were net buyers by EGP 13.20 million.
Today’s traded value amounted to EGP 932.038 million, while traded volume reached 326.27 million shares.
Today’s top gaining stocks were spearheaded by ODH and Memphis Pharmaceuticals, while the biggest losers were led by Alexandria National and Al-Arafa.
