Cairo – Mubasher: The Egyptian Exchange (EGX) started Thursday down, pressured by Arab and foreign buying.
By 10:19 am Cairo time, the main EGX30 index slid 131.17 points, or 0.78%, to 16,750.36 points.
The small- and medium-cap EGX70 index decreased 0.25% to 897.29 points, while the EGX100 index tumbled 0.44% to 2,267 points.
The EGX50 edged down 0.71% to 2,816 points.
The EGX’s traded volume reached 40.7 million shares changed hands through 2,030 transactions, at a turnover of EGP 88.5 million.
Egyptian investors were net buyers with EGP 3.8 million, while foreign and Arab traders were net sellers with EGP 1.5 million and EGP 2.28 million, respectively.
The Commercial International Bank’s-Egypt (CIB) stock dropped 0.31% to EGP 86.9, with a liquidity of EGP 9.3 million.
Blue-chip stocks of Elsewedy Electric, Orascom Construction (OC), and Amer Group Holding Co declined 4.83%, 3.33%, and 3.12%, respectively.
On the positive side, stocks of Eastern Co, Egyptian Chemical Industries (Kima), and Egyptian Financial Group Hermes Holding (EFG Hermes) inched up 0.74%, 0.28%, and 0.04%, respectively.
