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EGX ends Thursday in red on Arab, foreign selloffs

EGX ends Thursday in red on Arab, foreign selloffs
The market cap lost EGP 977 million

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

The main EGX30 index fell by 0.52% to close at 11,333 points, while the small- and mid-cap EGX70 EWI decreased by 0.24% to 2,185 points.

Likewise, the EGX100 EWI inched down by 0.15% to 3,198 points, whereas the EGX50 EWI went slightly down by 0.1% to 2,236 points.

The market cap lost EGP 977 million to stand at EGP 689.86 billion on Thursday, compared to EGP 690.84 billion in the previous session.

The market’s turnover amounted to EGP 1.16 billion after 537.67 million shares were exchanged through about 40,180 transactions.

Local investors were net buyers with EGP 36.88 million, while Arab and foreign investors were net sellers with EGP 1.99 million and EGP 34.89 million, respectively.