The Egyptian Exchange (EGX) closed Wednesday’s trading session on a negative note.

The benchmark EGX30 index fell by 115.69 points, or 0.8%, to close at 14,381.15 points.
Meanwhile, the small- and mid-cap EGX70 index slid by 2.56% to close at 513.91 points, while the broader EGX100 index decreased by 1.87% to 1,388.14 points.

In addition, the equal-weighted EGX50 index retreated 1.7% to 2,033.73 points.

Market capitalisation plunged EGP 8.7 billion to EGP 714.59 billion.

The market’s turnover reached EGP 816.2 million after 270 million shares were exchanged through nearly 25,500 transactions.

Arab investors were net buyers with EGP 21.5 million, while Egyptian and foreign investors were net sellers with EGP 19.9 million and EGP 1.6 million, respectively.

The heavyweight Commercial International Bank (CIB) rose by 0.39% to EGP 79.88, after generating EGP 159.4 million in liquidity.

Heliopolis Company for Housing and Development led the risers with 3.35%, while Egyptian Resorts Co. headed the decliners and fell by 6.62%.

-Mubasher