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EGX ends Thursday in red; market cap sheds EGP 6.9bn

EGX ends Thursday in red; market cap sheds EGP 6.9bn
EGX ends Thursday in red; market cap sheds EGP 6.9bn

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

The benchmark EGX30 index dropped by 1.24%, finishing the session at 13,644.16 points.

The small- and medium-caps EGX70 index slid 0.19% to 692.41 points, whereas the broader EGX100 index dipped 0.4% to 1,747 points.

Likewise, the equal-weighted EGX50 index tumbled 1.05% to 2,149 points.

Trading volume amounted to around 165.9 million shares exchanged through 20,600 transactions at a turnover of EGP 626.4 million.

Egyptian investors were net buyers with EGP 20.5 million, while and foreign and Arab investors were net sellers with EGP 13.8 million and EGP 6.7 million, respectively.

Market capitalisation lost EGP 6.9 billion and closed the session at EGP 766.9 billion.