Egypt’s EGX ends Thursday in red on local, foreign sell-offs

Egyptian and foreign sell-offs weighed on the indices of the Egyptian Exchange (EGX) on Tuesday, the first trading session of November.

The benchmark EGX 30 index slipped 47.97 points, or 0.36 percent, finishing the session at 13,202 points.

The small- and mid-cap EGX 70 index plummeted 1.12 percent to 687.57 points, whereas the broader EGX 100 index tumbled 0.96 percent to 1,722.31 points.

The equal-weighted EGX 50 index went down 0.19 percent to 2,101 points.

Trading volume amounted to nearly 231.3 million shares exchanged at a turnover of 902.24 million pounds through 25,350 transactions.

Arab investors were net buyers with 48.03 million pounds, while Egyptian and Foreign investors were net sellers with 9.4 million pounds and 38.56 pounds, respectively.

Market capitalisation lost 652.5 million pounds and closed at 750.9 billion pounds.