Cairo – Mubasher: The Egyptian Exchange (EGX) closed Wednesday’s trading session in red territory, pressured by Egyptian and Arab investors.
The benchmark EGX30 index has changed its upward trend to see a wave of profit-taking and close the session at 16,881.72 points, losing 107.34 points or 0.63%.
Market capitalisation closed at EGP 972.8 billion and shed EGP 4.3 billion.
The small- and medium-cap EGX70 index fell 1.2% to 866.52 points, while the broader EGX100 index slid 0.6% to 2,267 points.
Trading volume reached about 269.03 million shares exchanged through 35,800 transactions at a turnover of EGP 2 billion.
Foreign investors were net buyers with EGP 79.1 million, while Egyptian and Arab investors were net sellers with EGP 60.3 million and EGP 18.7 million, respectively.
The heavyweight Commercial International Bank (CIB) tumbled 0.95% to EGP 87 at a turnover of EGP 180.9 million.