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EGX indices open in red zone

EGX indices open in red zone
EGX trading floor (Photo Credit: Reuters)

Cairo – Mubasher: EGX indices collectively registered a decline for the second straight trading session.  

The benchmark fell 60 points, or 0.71%, to reach 7,478.18 points.

The small and mid-cap EGX70 opened 0.58% lower.

The equal-weighted EGX50 slipped by 1.2% to touch the mark of 1,383.41 points.

The broader index EGX100 was 0.61% down to 768.05 points.  

Arab and foreign investors were net buyers by EGP911,575 and 10.588 million respectively, while nationals were net sellers by EGP11.50 million.  

Analysts expected EGX sharp fall to be milder on Wednesday after the benchmark hit yesterday the lowest level in three months, said analyst