EGX ends in red on foreign sales

CAIRO – 16 November 2017: The Egyptian Exchange (EGX) closed negatively Thursday as all indices recorded declines.

Benchmark index EGX30 went down 1.27 percent to stand at 13,847 points. The small and mid-cap index EGX70 inched down 0.69 percent to end at 768.03 points and the broader index EGX100 leveled down 0.78 percent to close at 1,731 points.

Market capitalization declined LE 4.49 billion to record LE 771.030 billion compared to LE 775.527 billion in Wednesday.

The market was affected by sell-offs of foreign investors as they were net sellers at LE 103 million, meanwhile, Egyptian and Arab investors purchased at LE 66.47 million and LE 37.365 million respectively.