Cairo: The Egyptian Exchange’s (EGX) indices finished Wednesday in a collective decline, after the benchmark EGX30 index plunged 245.62 points, or 1.44%, reaching 16,760.24 points.

The EGX70 index fell 0.61% to 847.42 points, while the EGX100 index dropped 1.12%, reaching 2,159 points and the EGX50 index decreased 1.62% to 2,865 points.

The bourse's market capitalisation lost EGP 10.6 billion, to end Wednesday at EGP 943.5 billion.

Trading volume hit 173.2 million shares, via 19,680 transactions, generating EGP 969.4 million.

Arab traders were net sellers with EGP 57.2 million, while Egyptian and foreign investors were net buyers with EGP 27.5 million and EGP 29.6 million, respectively.

The Commercial International Bank - Egypt’s (CIB) stock fell 1.3% to EGP 86.4, with EGP 127.37 million in traded value.

Arabian Cement’s stock was the best performer, adding 0.87%, followed by Alexandria Mineral Oils Co‘s (AMOC) stock with 0.81%, and Juhayna Food Industries’ stock with 0.4%.

Performing negatively were Talaat Moustafa Group Holding's, Qalaa Holdings', and Orascom Construction's stocks, which levelled down 6.29%, 4.7%, and 4.38%, respectively.

Source: Mubasher

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