Cairo – Mubasher: The indices of the Egyptian Exchange (EGX) has seen a bearish trend early Wednesday, dragged down by Arab and foreign sell-off.

By 10:28 am Cairo time, the benchmark EGX30 index dipped 7.03 points, or 0.05%, to 15,621.4 points.

The small- and mid-cap EGX70 index inched down 0.02% to 757.28 points, while the broader EGX100 index slipped 0.04% to 1,943.65 points.

Likewise, the equal-weighted EGX50 index tumbled 0.14% to 2,526 points.

Trading volume amounted to nearly 31.9 million shares exchanged at a turnover of EGP 47.7 million through 1,700 transactions.

Egyptian investors were net buyers with EGP 700,000, while foreign and Arab investors were net sellers with EGP 644,000 and EGP 55,500, respectively.

The heavyweight Commercial International Bank (CIB) slid 0.58% to EGP 85.51, with a turnover of EGP 282,000.