Cairo – Mubasher: The Egyptian Exchange (EGX) closed Wednesday’s trading session in red territory, while market capitalization hit its lowest level in two months in tandem with the release of the IPO prospectus of Rameda.

Market capitalization shrank by EGP 1.2 billion to EGP 699.7 billion on Wednesday.

The main EGX30 index fell by 0.16%, ending the session at 13,759 points.

The heavyweight Commercial International Bank (CIB) rose by 0.24% to EGP 77.75, after generating EGP 83.2 million in turnover.

The small- and mid-cap EGX70 index retreated by 0.26% to 529 points, while the broader EGX100 index declined by 0.38% to close at 1,392 points.

The equal-weighted EGX50 index decreased by 0.48% to close at 2,000 points.

Trading value amounted to EGP 335.3 million, distributed over 57.18 million shares exchanged through 12,500 transactions.

Arab investors were net buyers with EGP 143.12 million, while Egyptian and foreign investors were net sellers with EGP 26.3 million and EGP 116.7 million, respectively.