Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices dropped collectively in the week ended Thursday, 20 July, on the back of selling pressures from Arab investors.

The benchmark EGX30 index shed 0.78% or 107.53 points to the level of 13,715 points. Traded volume during the week saw 1.4 billion shares change hands, while turnover amounted to EGP 3.2 billion.

The Commercial International Bank – Egypt’s (CIB) stock inched down 0.6% to EGP 86.6, with a traded volume of 5.4 million shares and turnover of EGP 469.8 million.

Market capitalisation dropped by EGP 3.17 billion and closed at EGP 710.68 billion against EGP 713.85 billion the week before.

The EGX70 index fell 1.56% to the level of 674.8 points, while the EGX100 index went down 1.03% to 1,554.77. The EGX50 index edged down 0.86% at the level of 2,106.01 points.

Arab investors were net sellers, while Egyptians and foreigners were net buyers, according to data via Mubasher Pro.

Retail investors were net buyers with EGP 221.3 million, registering 60.2% of total trades, while institutions were net buyers with the same value and representing 39.8% of the EGX’s trades.

Egyptian investors dominated 74.3% of market transactions, while foreigners and Arabs made up 14.9% and 10.8% of the market’s trading, respectively.