EGX tracks regional markets’ bearish sentiment, benchmark loses 0.7%
Egyptian Exchange - YOUM7

CAIRO: The Egyptian Exchange (EGX) dipped further at the close of Wednesday’s session, tracking regional stock markets’ slips on lower oil prices.

Selling pressures from local and foreign institutions weighed on Egypt’s benchmark index EGX30, which fell 0.74 percent to 7,150 points, down from 7,204 points on Tuesday.

Similarly, the small and mid-cap index EGX70 lost a slight 0.15 percent to end at 387.9 points, compared to 388.46 points in its last session.

The broader index EGX100 was almost flat with only 0.09 percent down to hit 834.69 points, after 835.4 points on Tuesday.

Market capitalization lost around 1.3 billion EGP ($166.1 million,) totaling 444.7 billion EGP, compared to 446 billion EGP.

Heavyweight stock CIB edged down 1.02 percent to end at 48.47 EGP per share, down from 48.97 EGP per share on Tuesday.

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