Tawasul
Mubasher TV
Contact Us Advertising   العربية

EGX30 ends Thursday below 11,000 pts as CIB’s stock suspended

EGX30 ends Thursday below 11,000 pts as CIB’s stock suspended
The market cap value dropped by EGP 8.76 billion

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Thursday’s trading session in the red territory, pressured by foreign selloffs.

The main EGX30 index slumped by 1.03% to end the session at 10,987 points as trading was halted on the shares of the Commercial International Bank – Egypt (CIB) in response to the request of the Financial Regulatory Authority (FRA).

Meanwhile, the small- and mid-cap EGX70 EWI slid by 5.08% to 1,820 points, while the EGX100 EWI retreated by 4.45% to 2,692 points.

Similarly, the EGX50 EWI fell by 3.22% to 1,988 points.

The market cap value dropped by EGP 8.76 billion to close at EGP 609.119 billion.

Foreign investors were net sellers with EGP 23.61 million, while local and Arab investors were net buyers with EGP 3.57 million and EGP 20.04 million, respectively.

The market’s turnover registered EGP 1.15 billion after 402.999 million shares were traded through 45,005 transactions.