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EGX ends Sunday in red on foreign selloffs, market cap loses EGP 5.2bn

EGX ends Sunday in red on foreign selloffs, market cap loses EGP 5.2bn
The market’s turnover reached EGP 1.59 billion

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

The main EGX30 index levelled down by 0.8% to end the session at 11,525 points.

The heavyweight Commercial International Bank - Egypt (CIB) retreated by 1.7% to EGP 61.3 after generating EGP 14.96 million in turnover.

Meanwhile, the small- and mid-cap EGX70 EWI slid by 2.12% to 2,333 points, whereas the EGX100 EWI dropped by 1.6% to 3,369 points.

Likewise, the EGX50 EWI declined by 1.46% to 2,344 points.

The market cap value shrank by EGP 5.2 billion to close at EGP 704.025 billion.

Foreign investors were net sellers with EGP 39.95 million, while local and Arab investors were net buyers with EGP 20.54 million and EGP 19.4 million, respectively.

The market’s turnover reached EGP 1.59 billion after 875.9 million shares were exchanged through about 50,330 transactions.