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EGX ends Thursday in red

EGX ends Thursday in red
Market cap lost EGP 2.48 billion and closed at EGP 858.02 billion

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Thursday’s trading session in red territory, dragged down by foreign and Arab sell-off.

The benchmark EGX30 index went down 0.40%, finishing the session at 15,295.97 points.

The small- and mid-cap EGX70 index dipped 0.02% to 740.28 points, while the broader EGX100 index slipped 0.28% to 1,899.55 points.

The equal-weighted EGX50 index inched down 0.10% to 2,523.08 points.

Market capitalisation lost EGP 2.48 billion and closed at EGP 858.02 billion.

The heavyweight Commercial International Bank (CIB) shed 0.52% to EGP 84.43, with a turnover of EGP 61.7 million.

Trading volume amounted to nearly 177 million shares exchanged at a turnover of EGP 473.3 million through 16,600 transactions.

Egyptian investors were net buyers with EGP 86.8 million, while foreign and Arab investors were net sellers with EGP 78.3 million and EGP 8.5 million, respectively.

Qatar National Bank Al Ahli (QNB Al Ahli) topped rising blue-chip stocks with 3.68%, while Juhayna led top losers with 9.3%.