EGX Records Collective Decline with Market Losses of EGP 7 Billion

The Egyptian Stock Exchange (EGX) indices declined collectively by the end of Wednesday's session, with the main index settling at 31,433 points, recording market cap losses of EGP 7 billion.

The main index "EGX30" declined by 0.47% to close at 31,433 points, and shares of CIB, which has the largest relative weight in the main index, recorded an increase of 0.55% to settle at EGP 82.5.

The market capachieved market losses during the transactions of nearly EGP 7 billion to close at EGP 2.271 trillion.

The new Sharia-compliant EGX33 index also fell by 1.16% to settle at 3,233 points.

The EGX70 EWI fell by 0.3% to close at 8,326.6 points, while the broader EGX100 EWI fell by 0.49% to close at 11,581.6 points.

A total of 1.28 billion shares were traded during the session, with a trading value of EGP 3.89 billion through 107.7 thousand transactions, through trading on 211 stocks during the session, of which 64 shares rose, 110 shares declined, and 37 shares remained unchanged.

In terms of investor transactions, foreigners alone tended to buy shares with a net value of EGP 161.9 million, while Egyptians and Arabs tended to sell with a net value of EGP 138.1 million and EGP 23.8 million respectively.

The net transactions of institutions tended towards buying, with the exception of local institutions, which recorded net sales of EGP 282.6 million, while the net transactions of individuals tended towards buying, with the exception of Arabs, who recorded net sales of EGP 48.4 million.