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EGX ends Thursday in red on foreign selloffs

EGX ends Thursday in red on foreign selloffs
The market’s turnover reached EGP 1.22 billion

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Thursday’s trading session on a negative note, pressured by foreign selloffs.

The main EGX30 index fell by 1.54%, ending the session at 10,957 points.

Meanwhile, the small- and mid-cap EGX70 EWI dropped by 4.2% to 1,477 points, while the broader EGX100 EWI slid by 3.73% to 2,289 points.

Likewise, the EGX50 index retreated by 3.28% to close at 1,790 points.

The market cap value declined by EGP 11.6 billion to EGP 596.7 billion.

Foreign investors were net sellers with EGP 54.27 million, while local and Arab investors were net buyers with EGP 482,566 and EGP 53.7 million, respectively.

The market’s turnover reached EGP 1.22 billion after 477.2 million shares were exchanged through about 46,600 transactions.