The Egyptian Stock Exchange (EGX) indices rebounded in Thursday's late trading to erase some of its early losses, when the benchmark fell nearly 2.5% following an announcement that Egypt will participate in the ongoing Saudi-led military campaign against Yemen’s Houthi rebels.

The UAE, Kuwait, Bahrain, Qatar and Jordan have also deployed fighter jets to join the Saudi air force in the ongoing air campaign against Yemen’s Houthi rebels.

The benchmark index EGX30 lost 150 points or 1.59% to close at 9,052.5 points.

Following suit, the small and mid-cap index EGX70 slid 1.34% to 502.07 points and the broader EGX100 lost 1.39% to 1,028.08 points

Thursday’s turnover amounted to EGP 531.5 million, while traded volume reached around 141 million shares sealed through 22,000 transactions.
 
Foreign traders were net sellers by EGP 16.52 million, while local and Arab traders ended as net buyers by EGP 14.91 million and EGP 1.61 million, respectively.

Meanwhile, retail traders were net sellers by EGP 3 million, while institutions were net buyers by EGP 18 million.

Arab Dairy Products topped the gainers, surging 8.09% to close at EGP 70.

Trans Oceans Tours led the losers, falling 10% to close at $0.09.