EGX Market Cap Loses EGP 8.96 Bln after Selling Wave among Locals, Arabs

The Egyptian Stock Exchange (EGX) indices fell collectively at the end of Wednesday's trading, due to the pressure of Egyptian and Arab sales.

The main index "EGX30" dropped by 1.59% to close at 16,741.45 points, while the index of medium and small enterprises "EGX70" EWI fell by 0.46% to end the session at 2973.94 points.

The broader EGX 100 EWI declined by 0.67% to close at 4466.56 points.

The EGX50 EWI also dropped by 0.58% to close at 2943.88 points.

Market cap declined during today's session by EGP 8.96 billion to close at EGP 1.082 trillion.

Up to 384.5 million shares were traded during today's session with a trading value of about EGP 1.9 billion through 61,006 transactions.

In terms of investor transactions, foreigners' transactions tended towards buying, recording a net value of EGP 104.6 million.

Arab investors' dealings also tended to sell with a net value of about EGP 3.6 million.

While Egyptians tended to sell shares, netting EGP 100.9 million.