Blue chips drag EGX30 down below 14,300 pts early Thursday

Cairo – Mubasher: The Egyptian Exchange (EGX) opened Thursday’s trading session down, pressured by local selling.

By 10:16 am Cairo time, the benchmark EGX30 index slipped 0.34% or 48.63 points to 14,296.95 points.

Blue chips including Amer Group, Arabian Cement, and Emaar Misr dropped 2.86%, 2.31%, and 2.195, respectively.

The heavyweight commercial International Bank (CIB) shed 0.79% to EGP 72.52.

The EGX70 index dipped 0.27% to 771.31 points and the EGX100 index inched down 0.25% to 1,812.15 points.

The equal-weighted EGX50 index slid 0.54% to 2,492 points.

Trading volume reached 16 million shares exchange at EGP 25.23 million through 1,200 transitions.

Egyptian traders were net sellers with EGP 1.7 million, while foreign and Arab traders were net buyers with EGP 101,500 and EGP 1.6 million, respectively.

Mubasher Contribution Time: 07-Dec-2017 08:49 (GMT)
Mubasher Last Update Time: 07-Dec-2017 08:49 (GMT)

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