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EGX indices end on mixed note, equities shed EGP 1.1 bln

EGX indices end on mixed note, equities shed EGP 1.1 bln
Photo Credit: Arabianeye-Reuters

Egypt’s stock market indices ended on mixed note on Sunday as the market capitalization lost nearly EGP 1.1 billion ($141.5 million) pressured by local and foreign institutions sell-off.

The benchmark index EGX30 reversed its early gains, ending 1.02% or 82.41 points lower at 8,004.83 points, thus the index snap five days of consecutive gains.

The small and mid-cap index EGX70 also rose 0.17% to close at 446.48 points and the broader index EGX100 went down 0.09% to 917.42 points.

Wednesday’s turnover amounted to EGP 370.2 million, upon trading approx. 170.2 million shares.

National and Arab traders were net buyers by EGP 3.2 million and EGP 2.6 million, while foreign traders were net sellers by EGP 5.8 million.

Out of the 157 companies traded today, advancers outnumbered decliners by 67 to 58, while 32 other remained unchanged.