Cairo - Mubasher: The Egyptian Exchange (EGX) declined by the end of the week, pressured by the excessive selling of foreign investors.

The main index EGX30 went down 1.62% as it closed at 16,877.66 points, ended the third consecutive week in losses.

Traded volumes for the benchmark index stocks amounted to 921 million shares, with a total turnover of EGP 4.3 billion.

Market capital lost EGP 13.6 billion, and ended the week at EGP 948.39 billion.

Meanwhile, the small and medium enterprise index EGX70 slipped 0.15% to the level of 852.25 points, while the broader EGX100 decreased by 0.65% and reached 2,181.45 points.

The equal-weighted index EGX50 fell 1.1% and ended the week at 2,899 points.

Foreign investors were net sellers with EGP 439.9 million, while Egyptian and Arab investors were net buyers at EGP 51.3 million, and EGP 388.6 million, respectively.

Local investors dominated 70.4% of the weekly trade, while Arabs and foreigners accounted for 18.5% and 11.1%.