EGX ends in red, benchmark dips 0.7%

CAIRO – 11 May 2017: The Egyptian Exchange (EGX) indexes shut on a collective decline Thursday, hurt by heavy selling pressures led by local and Arab investors.

The benchmark EGX30 index fell 0.67 percent, closing at 12,907 points. Commercial International Bank (CIB), the heaviest weight on the gauge dropped 0.3 percent.

The small and mid-cap enterprises index (EGX70) lost ground for a third straight day, losing 0.73percent to end Thursday at 587.3 points. The all-embracing EGX100 index also declined 0.64 percent, ending at 1,360 points.

Market capitalization shed around 3 billion EGP ($165.4 million) totaling 667.3 billion EGP. The market turnover amounted to 853 million EGP and foreign traders were the sole net buyers.