Egyptian Exchange opens Thursday in red

The indices of the Egyptian Exchange (EGX) started Thursday’s trading session down, pressured by foreign sell-offs.

By 10:31 am Cairo time, the benchmark EX30 index shed 54.03 points, or 0.37 percent, to 14,558.15 points.

The small- and mid-cap EGX70 index inched down 0.09 percent to 695.12 points, whereas the broader EGX100 index dipped 0.15 percent to 1,779.11 points.

The equal-weighted EGX50 index slid 0.61 percent to 2,266 points.

Trading volume amounted to around 15.3 million shares exchanged at a turnover of 44.34 million pounds through 2,210 transactions.

Foreign investors were net sellers with 528.3 million pounds, while Egyptian and Arab investors were net buyers with 268.003 million pounds and 260.3 million pounds, respectively.

The heavyweight Commercial International Bank (CIB) slipped 0.18 percent to 82.5 pounds, with a turnover of 536,300 pounds.