The Egyptian Exchange (EGX) closed Thursday’s trading session in red as investors cautiously await the Central Bank of Egypt’s (CBE) decision on interest rates.
The CBE’s Monetary Policy Committee is expected to slash interest rates by 1% during its meeting on Thursday.
The benchmark EGX30 index edged down 24 points, or 0.17%, to finish the session at 14,333 points.
Meanwhile, the small- and mid-cap EGX70 index inched down by 0.04% to 553 points, while the broader EGX100 index retreated 0.1% to 1,443 points.
Trading volume amounted to 191.9 million shares exchanged at a turnover of EGP 670 million through about 20,200 transactions.
Arab investors were net sellers with EGP 21.6 million, while Egyptian and foreign investors were net buyers with EGP 11.5 million and EGP 10 million, respectively.
Market capitalisation lost EGP 1.07 billion to EGP 759.2 billion.