Market Watch: Egyptian Major Equity Indices End in Red, Market Cap up EGP1bn

Cairo (Capital Markets in Africa): The benchmark EGX30 index of the Egyptian Exchange (EGX) fell at Wednesday’s close by 0.08% or 10.4 points to the level of 13,707.13 points.

Similarly, the EGX70, EGX100, and EGX50 indices declined by 0.25%, 0.10%, and 0.23%, respectively.

The market capitalization increased by EGP 1 billion to EGP 708.99 billion.

Trading volume reached 276.79 million shares exchanged at EGP 804.6 million through 23,200 transactions.

Foreign and Arab traders were net sellers by EGP 16.3 million and EGP 14.4, respectively, while Egyptian investors were net buyers by EGP 30.7 million.

Heavyweight Commercial International Bank – Egypt rose 0.25% to EGP 86.8.

Oriental Weavers, Pioneers, SODIC, and Elsewedy Electric levelled up between 4.32% and 1.28%.