Profit-taking operations push EGX down at closing session

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Profit-taking operations pushed the Egyptian Exchange (EGX) to retreat at the closing session on Thursday.

Investment funds and foreign and Egyptian institutions were net sellers, while Egyptians and Arab institutions followed selective buying.

The market capitalisation reached EGP 671.9bn, while the benchmark index EGX30 fell by 0.69% to record 10,731.96 points.

Profit-taking operations extended to the EGX70 EWI, as it lost 0.54% of the gains it had achieved over the course of the week, to close at 2,229.15 points. The EGX100 EWI also declined to 3,200.82 points.

The post Profit-taking operations push EGX down at closing session appeared first on Daily News Egypt.

Source: egyptianstreets