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EGX ends Tuesday in red on Arab, foreign sell-offs

EGX ends Tuesday in red on Arab, foreign sell-offs
Market capitalisation lost about EGP 1.12 billion

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Tuesday’s trading session on a negative note, pressured by Arab and foreign sell-offs.

The benchmark EGX30 index declined by 0.14%, ending the mid-week session at 13,620 points.

Likewise, the small- and mid-cap EGX70 index went down by 0.83% to 526.73 points, while the broader EGX100 index fell by 0.66% to 1,363 points.

Meanwhile, the equal-weighted EGX50 index dropped by 0.44% to close at 1,870 points.

Market capitalisation lost about EGP 1.12 billion to close at EGP 691.53 billion on Tuesday, compared to EGP 692.65 billion on Monday.

Trading volume amounted to 143.36 million securities exchanged at a turnover of EGP 1.38 billion through nearly 17,250 deals.

Egyptian investors were net buyers with EGP 41.93 million, while Arab and foreign investors were net sellers with EGP 12.9 million and EGP 29.02 million, respectively.