EGX drops on local sales, benchmark down 1.4%

CAIRO – 13 August 2017: The Egyptian Exchange (EGX) indexes lost ground by the close of Sunday’s trading, hurt by local sell-offs.

The benchmark index EGX30 dipped 1.36 percent to close at 13,280 points.

The small and mid-cap index EGX70 lost 0.66 percent, ending at 715.5 points. Further, the all-embracing EGX100 index also edged down 0.72 percent to close near to 1,601 points.

Market capitalization shed around LE 8.4 billion ($472 million) totaling LE 706.8 billion. The market turnover amounted to LE 565 million and local traders were the sole net sellers.