EGX dips for 2nd day on institutions’ sales
Egyptian Exchange - YOUM7

CAIRO: The Egyptian Exchange (EGX) shut on a negative note Tuesday, extending its losing streaking for a second straight session battered by selling pressures from Arab and foreign institutions.

The benchmark index EGX30 dropped 0.83 percent to end at 8,975 points, down from 9,050 points on Monday.

The small and mid-cap index EGX70 also fell by 0.23 percent to end at 483.17 points, compared to 484.3 points in its last session. The broader index EGX100 declined 0.78 percent as well, registering 1,001 points.

Market capitalization shed around 3.2 billion EGP ($419.68 million,) totaling 502.9 billion EGP, down from 506.1 billion EGP Monday.

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