CAIRO: The Egyptian Exchange (EGX) closed on a mixed note Tuesday, amid sideways trading and very thin liquidity.
The benchmark index EGX30 ended up 0.11 percent, registering 9,611 points, compared to 9,601 Monday. In turn, the small and mid-cap index EGX70 fell by 0.52 percent to hit 569.6 points, down from 572.6 points in its last session. The broader index EGX100 also went down 0.47 points, registering 1,136 points.
Market capitalization edged up to 517.3 billion EGP, compared to 517.2 billion EGP Monday.
On Monday, the benchmark index EGX30 ended up 1.12 percent, boosted by a strong buying spree among local and foreign retailers.
The EGX was pushed by Orascom Telecom Media and Technology’s (OTMT) announcement of reaching an agreement to sell its stake in the Egyptian Company for Mobile Services (ECMS,) to the French company Orange in return for 209.6 million euros ($233 million.)