EGX market watch March 12: 700M in losses on collective decline
the Egyptian Stock Exchange in Cairo - REUTERS/Amr Abdallah Dalsh
By AHMED ABU SHADY

CAIRO: The Egyptian Exchange’s indexes collectively dropped in Wednesday’s trading session, with foreign investor sells amounting to 700 million EGP ($100.5 million) losses in capital, while Egyptian and foreign investors tended to purchase.

The main index EGX30 edged down 0.15 percent to register at 8096.1 points, the EGX70 for small and mid-cap enterprises decreased by 0.33 percent to register 660 points, while the broader EGX100 declined by 0.19 percent to hit 1125 points.

Through Wednesday trading sessions, Egyptian and foreign investors net purchases totaled 40.6 million EGP and 28.1 million EGP respectively, while foreign investor net selling valued 68.7 million EGP.

EGX capital for registered shares totaled 494.5 billion EGP, compared to 495.5 billion EGP Tuesday.

EGX transactions ran on 184 shares, 68 of the submitted shares edged higher, while 97 edged down and 41 shares remain unchanged.

Wednesday trading value was worth 1.2 billion EGP on 334.9 million financial securities and 41,000 transactions.

For the most-increased shares, Giza General Contracting and Real Estate Investment shares ranked first, with 7.58 percent increase to value 30.6 EGP, followed by El Orouba Securities Brokerage shares, which rose 5 percent to value 1.47 EGP.

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