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EGX ends Thursday in red; market cap loses EGP 3.7bn

EGX ends Thursday in red; market cap loses EGP 3.7bn
The market’s turnover stood at EGP 1.54 billion

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Thursday’s trading session on a negative note amid local and Arab selloffs.

The main EGX30 index retreated by 0.83% to 10,898 points, while the small- and mid-cap EGX70 EWI slid by 0.5% to 2,010 points.

Likewise, the EGX100 EWI fell by 0.55% to 2,937 points, whereas the EGX50 EWI declined by 0.48% to 2,141 points.

The market cap value dropped by EGP 3.7 billion to register EGP 629.241 billion.

Foreign investors were net buyers with EGP 128.39 million, while local and Arab investors were net sellers with EGP 111.81 million and EGP 16.5 million, respectively.

The market’s turnover stood at EGP 1.54 billion after 541.56 million shares were exchanged through around 52,250 transactions.