Cairo – Mubasher: The Egyptian Exchange (EGX) market capitalization lost nearly EGP 11.9 billion through this week’s trades amid selling pressures by foreign investors.

The benchmark index EGX30 went down 2.68% or 227.91 points ending the week at the level of 8,277.21 points on the decline of the market leading stock.

The small and medium caps index EGX70 slide 10.47 points on weekly basis to close at 335.44 points, while the broader index EGX100 slipped 1.47% to close at 791.6 points.

The equal weighted index EGX50 edged down 4.89% or 65.34 points to close at 1271.22 points.

The market capitalization shed EGP 11.9 billion through this week reaching the level of EGP408.6 billion.

Local investors accounted for 69% of this week’s total trades, while foreign and Arab investors accounted for 21.1% and 9.8% respectively.

Foreign investors were net sellers with EGP 117 million while local and Arab investors were net buyers with EGP67 million and EGP 76 million respectively.