EGX dips on local, Arab institutions’ sales
The Egyptian Exchange - YOUM7 (Archive)

CAIRO: The Egyptian Exchange (EGX) reversed its winning streak and lost ground on Thursday, as local and Arab institutions’ selling pressures weighed on the gauge.

The benchmark index EGX30 fell 0.76 percent to end at 7,611 points, compared to 7,669 points on Wednesday.

Similarly, the small and mid-cap index EGX70 slipped 1.5 percent to end at 398.7 points, compared to 404.8 points in its last session.

The broader index EGX100 also declined 0.8 percent to close at 860.8 points, after 867.76 points on Wednesday.

Market capitalization shed around 1.5 billion EGP ($186.73 million,) totaling 459.1 billion EGP, compared to billion 460.6 EGP in the previous session.

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