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EGX indices fall in early trade

EGX indices fall in early trade
The Egyptian Exchange

Cairo – Mubasher: The Egyptian Exchange’s (EGX) fell collectively in Tuesday’s early trading, pressured by selling activity by foreign and Arab traders.

By 11:30am Cairo time, the benchmark EGX30 index declined 0.16% or 22.2 points to the level of 13,934 points.

Likewise, the EGX70, EGX100, and EGX50 indices dropped 0.2%, 0.20%, and 0.27%, respectively.

Trading volume reached 170 million shares exchanged at EGP 317 million through 8,800 transactions.

Foreign and Arab investors were net sellers by EGP 17.5 million and EGP 175.6 million, respectively, while Egyptian traders were net sellers by EGP 193.1 million.

Porto Group rose 7.5%, Amer Holding advanced 2.86%, Telecom Egypt ascended 2.58%, and Pioneers levelled up 1.4%.

Heavyweight Commercial International Bank – Egypt declined 0.43% to EGP 88.

Ezz Steel, HADISOLB, Orascom Construction, and TMG Holding fell between 5.8% and 1.9%.