Foreign sell-off drags EGX down at Wednesday’s close

Cairo – Mubasher: The Egyptian Exchange (EGX) has closed Wednesday’s trading session in red territory, pressured by foreign selling.

The benchmark EGX30 index has changed its upward direction and finished the session down 96.61 points, or 0.54%, to 17,705 points.

Market capitalisation lost EGP 4.9 billion and closed at EGP 977.5 billion.

The small- and medium-caps EGX70 index inched down 0.5% to 860.08 points, and the broader EGX100 index dipped 0.4% to 2,255 points.

Likewise, the equal-weighted EGX50 index slid 0.54% to 3,008 points.

Trading volume on stocks amounted to nearly 293.4 million shares exchanged at a turnover of EGP 1.58 billion through 33,190 transactions.

Foreign investors were mostly sellers, netting EGP 20.6 million, while Arab and Egyptian investors were net buyers with EGP 10.6 million and EGP 9.9 million, respectively.

The heavyweight Commercial International Bank (CIB) shed 0.76% to EGP 87.2, with a turnover of EGP 64.03 million.

Mubasher Contribution Time: 18-Apr-2018 13:36 (GMT)
Mubasher Last Update Time: 18-Apr-2018 13:36 (GMT)