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EGX loses EGP 5.9bn in market cap at Thursday's close

EGX loses EGP 5.9bn in market cap at Thursday's close
The market's turnover reached EGP 1.19 billion

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

The main EGX30 index fell by 0.71% to 11,056 points, while the small- and mid-cap EGX70 EWI declined by 1.63% to 2,807 points. 

Likewise, the EGX100 EWI retreated by 1.35% to 3,795 points and the EGX50 EWI decreased by 1.43% to 2,366 points. 

The market cap slid by EGP 5.9 billion to close at EGP 721.152 billion. 

Local investors were net sellers with EGP 44.9 million, while foreign and Arab investors were net buyers with EGP 20.3 million and EGP 24.6 million, respectively. 

The market's turnover reached EGP 1.19 billion after 343.6 million shares were exchanged through around 41,900 transactions.