Arab sell-off pushes down Egypt’s EGX early Wednesday

The Egyptian Exchange (EGX) started Wednesday in red territory, pressured by Arab sell-off.

By 10:30 am Egypt time, the benchmark EX30 index shed 035 percent to 13,532.7 points.

The small- and mid-cap EGX70 index went down 0.02 percent, to 693.38 points, while the broader EGX100 index decreased 0.08 percent to 1,740.61 points, and the equal-weighted EGX50 index fell 0.31 percent , to 2,100.42 points.

The EGX saw trading of 8.3 million shares exchanged through 1,160 transactions with a turnover of 29.81 million pounds.

Arab traders were net sellers with 1.6 million pounds, while Egyptian and foreign investors were net buyers with  1.08 million pounds, and 578,140 pounds, respectively.

Comments
Loading...