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EGX closes Thursday mixed amid MPC meeting anticipation

EGX closes Thursday mixed amid MPC meeting anticipation
EGX indices closed Thursday on mixed note amid Egyptian and foreign selling

Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices closed Thursday on a mixed note, amid Egyptian and foreign selling, and the anticipation of the EGX's’s Monetary Policy Committee (MPC) meeting regarding the interest rate.

The benchmark EGX30 index closed 0.23% or 29.75 points lower to the the level of 13,119.44 points.

The EGX70 index inched up 0.12% to 697.09 points, while the EGX100 index ascended 0.13% to 1,573.33 points.

The equally-weighted EGX50 index declined 0.53% to 2,052 points.

Traded volume stood at 152.9 million exchanged at a turnover of EGP 669.5 million through 19,660 transactions.

Egyptian and foreign investors were net sellers by EGP 7.3 million and EGP 78.1 million, respectively, while Arab investors were net buyers by EGP 85.4 million.

Market capitalisation lost EGP 1.9 billion and closed at EGP 697.5 billion.

Commercial International Bank – Egypt (CIB) fell 0.52% to EGP 81, with a turnover of EGP 126.9 million.

Blue chips including Amer Group, Egyptian Financial and Industrial Co (EFIC), and Pioneers Holding dropped 3.23%, 2.79%, and 2.63%, respectively.

On the other hand, Porto Group Holding, Elsewedy Electric Co, and Extracted Oils levelled up 2.5%, 2.2%, and 1.01%, respectively.