Foreign, Arab sell-offs weigh on EGX early Tuesday

Cairo – Mubasher: The indices of the Egyptian Exchange (EGX) opened Tuesday’s trading session down, pressured by foreign and Arab sell-offs.

By 10:26 am Cairo time, the benchmark EGX30 index shed 34.79 points, or 0.26%, to 13,800.56 points.

The small- and mid-cap EGX70 index inched down 0.02% to 677.52 points, whereas the broader EGX100 index dipped 0.05% to 1,699 points.

Meanwhile, the equal-weighted EGX50 index slipped 0.42% to 2,158 points.

Trading volume amounted to around 19.8 million shares exchanged at a turnover of EGP 57.5 million through 2,260 transactions.

Egyptian investors were net buyers with EGP 1.02 billion, while foreign and Arab investors were net sellers with EGP 540.16 million and EGP 484,400, respectively.

The heavyweight Commercial International Bank (CIB) slid 0.76% to EGP 74.1.

Mubasher Contribution Time: 18-Dec-2018 08:48 (GMT)
Mubasher Last Update Time: 18-Dec-2018 08:48 (GMT)