EGX dips on institutions’ sales, benchmark down 0.83%
Egyptian Exchange - YOUM7

CAIRO: The Egyptian Exchange (EGX) lost ground at the close of Wednesday’s session, hammered by institutions’ selling spree.

The benchmark index EGX30 edged down 0.83 percent to end at 8,114 points, compared to 8,182 points on Tuesday.

Market capitalization shed around 2.3 billion EGP ($293.8 million,) totaling 495 billion EGP, down from 497.3 billion EGP on Tuesday.

The market bellwether, CIB, slipped 2.02 percent to close at 54.87 EGP per share, compared to 56 EGP per share on Tuesday.

Further, the small and mid-cap index EGX70 dipped 1.57 percent to end at 456.24 points, down from 463.5 points in its last session.

The broader index EGX100 also went down 0.48 percent, to close at 943.86 points.

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