Cairo – Mubasher: The indices of the Egyptian Exchange (EGX) started Wednesday’s trading session on a down note, pressured by foreign and Arab sell-offs.
By 10:24 am Cairo time, the benchmark EGX30 index lost 123.08 points, or 0.84%, to 14,530.83 points.
The small- and mid-cap EGX70 index slipped 0.22% to 719.22 points, and the broader EGX70 index tumbled 0.3% to 1,834 points.
Likewise, the equal-weighted EGX50 index fell 1.41% to 2,292 points.
Trading volume amounted to nearly 13.9 million shares exchanged at a turnover of EGP 31.4 million through 1,300 transactions.
Egyptian investors were net buyers with EGP 484,100, while foreign and Arab investors were net sellers with EGP 230,700 and EGP 253,400, respectively.
Heavyweight Commercial International Bank levelled up 1.09% to EGP 81.5, with a turnover of EGP 171,400.
Blue-chip stocks were mostly down, with HADISOLB leading top losers with 6.36%, followed by Egypt Aluminum that dropped 4.92%.
