Cairo – Mubasher: The Egyptian Exchange (EGX) ended in red zone on Thursday, as the benchmark index EGX30 dived 4.1% or 248.9 points to close at the level of 5,813.7 points.

The small and mid – caps index EGX70 slide 1% to 347.5 points, while the broader index EGX100 fell 1.3% to 696 points.

Similarly, the equal weighted index EGX50 plunged 3.1% to 1,056 points.

The market’s leading stocks declined collectively, topped by Commercial International Bank as it fell 7%, followed by Talaat Moustafa Group and Palm Hills that went down by 7.3% and 7% respectively.

Out of 168 stocks traded today, decliners outnumbered gainers by 126 to 27, while 15 stocks remained unchanged.

Local and Arab investors ended as net sellers with EGP 15.6 million and EGP 438,500 respectively, while foreign investors ended as net buyers with EGP 16 million.

The market capitalization shed EGP 9.2 billion ($1.2 billion) reaching EGP 385.9 billion.