EGX Posts Collective Losses amid Selling Trend

The Egyptian Stock Exchange (EGX) indices recorded collective losses at the end of Thursday's session, amid selling operations by foreign investors.

Losses were driven by selling operations to liquidate the financial positions of investors, and the increasing state of anticipation of the regional situation and the fundamental events of some of the leading companies in the market.

Market cap amounted to EGP 657.7 billion, amid transactions amounting to EGP 3.2 billion.

The benchmark EGX 30 index fell 0.9% to 10,184.8 points, while the broader EGX 70 EWI Index of Leading Small and Medium-sized Enterprises (SMEs) dropped 0.93% to 2,319.93 points.

The all embracing EGX 100 index also declined by 0.96% to close at 3,253.52 points.