Cairo – Mubasher: Egyptian Exchange (EGX) indices closed Thursday down amid pressure by foreign investors’ selling.
The benchmark EGX30 edged 0.2% lower, shedding 27.28 points and closing at 13,482.99 points, shrugging off gains by the Commercial International Bank (CIB), which gained 1.9% to close at EGP 80.
The EGX70 index lost 0.18% to 673.52 points, while the broader EGX100 was down 0.22% to 1,697.43 points and the equal-weighted EGX50 decreased 0.87% to 2,180 points.
Turnover amounted to EGP 727.7 million after 173.21 million shares changed hands through 23,650 transactions. CIB’s turnover alone amounted to EGP 58.7 million.
Meanwhile, the EGX’s market capitalisation was down by EGP 2.1 billion to close at EGP 761.66 billion.
Foreign investors were mostly sellers, netting EGP 63.9 million while Egyptians and Arabs were net buyers with EGP 45.88 million and EGP 18.09 million, respectively.
