Cairo – Mubasher: Sell-offs by foreign investors have dragged down the indices of the Egyptian Exchange (EGX) by the end of Thursday’s trading session.
The benchmark EGX30 index fell 208.3 points, or 1.446%, finishing the session at 14,104.9 points.
The small- and mid-cap EGX100 index shed 0.55% to 699.34 points, while the broader EGX100 index tumbled 0.8% to 1,768.96 points.
The equal-weighted EGX50 index plummeted 1.79% to 2,199.95 points.
Market capitalisation lost EGP 9.5 billion and closed the session at EGP 782.67 points.
The heavyweight commercial International bank (CIB) inched up 0.06% to EGP 81.46, with a turnover of EGP 38 million.
Trading volume amounted to nearly 151.7 million shares exchanged at a turnover of EGP 711 million through 19,700 transactions.
Foreign investors were mostly sellers, netting EGP 30.7 million, while Egyptian and Arab investors were net buyers with EGP 5.2 million and EGP 25.5 million, respectively.
