Cairo – Mubasher: The Egyptian Exchange (EGX) closed Tuesday’s trading session in red territory, pressured by Arab selling.

The benchmark EGX30 index has changed its upward direction and shed 153.16 points, or 0.94%, finishing the session at 16,067.77 points.

The heavyweight Commercial International Bank (CIB) dropped 3.10% to EGP 84.22, with a turnover of EGP 96.8 million.

Market capitalisation lost EGP 4.2 billion and closed the session at EGP 903.7 billion.

The small- and medium-caps EGX70 index edged up 0.24% to 802.74 points and the broader EGX100 index dipped 0.04% to 2,042.67 points.

The equal-weighted EGX50 index has remained stable at 2,711 points.

Trading volume amounted to around 185.5 million shares exchanged through 21,300 transactions with a turnover of EGP 854.9 million.

Arab investors were net sellers with EGP 28.4 million, while Egyptian and foreign investors were net buyers with EGP 23.1 million and EGP 5.2 million, respectively.

Pioneer Holdings’ stock was the top gainer with a 9.88% increase, followed by Qalaa Holding and Juhayna which rose 8.77% and 4.08%, respectively.

On the other hand, Arab Cotton Ginning has topped losers with 9.8%, followed by Telecom Egypt which fell 3.23%.