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.