EGX extends downtrend, equities shed 1.5B EGP
The Egyptian Exchange - YOUM7 (Archive)

CAIRO: The Egyptian Exchange (EGX) resumed its bearish performance at the close of Thursday’s session, amid sideways trading and thin liquidity, on the first day of  implementing transactions using “T+1” mechanism.

Hurt by local and Arab selling pressures, the benchmark index EGX30 declined 0.15 percent, to end at 8,626 points, down from 8,639 points on Wednesday.

Further, the small and mid-cap index EGX70 retreated 0.37 percent to end at 448.5 points, compared to 450.1 points in its last session. The broader index EGX100 fell by 0.35 percent, registering 951.3 points.

Market capitalization shed around 1.5 billion EGP ($196.56 million,) totaling 489.4 billion EGP, down from 490.9 billion EGP Wednesday.

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