The Egyptian stock market is down 0.64% because of foreign and Arab sales



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The Egyptian stock market is down 0.64% because of foreign and Arab sales
The main index continues to fall in the middle

Rana Mamdouh

The main index of the Egyptian stock market fell by 0.64% at mid-day to trade at 13530 points.

Commercial International Bank (CIB), the largest relative weight, dropped 0.32% to trade at 72.07 PGE.

While the EGX70 index increased slightly by 0.07%, compared with the broader EGX100 index of 0.02%.

In mid-trading, publicly traded shares of 124 companies went from 27 to 51, while the stock price of 46 shares did not change.

The volume of transactions amounted to 219,206 million pounds out of 6,111 transactions.

The sales trend dominated the transactions of foreign investors, registering a net profit of 29.833 million Egyptian pounds, of which 29.791 million Egyptian pounds for institutions and an amount of 41 928 thousand Egyptian pounds for individuals.

Arab investors achieved net sales of 8.449 million pounds, driven by institutions that generated 19.773 million pounds, against 11.324 million pounds of net purchases.

At the same time, Egyptian investors tended to buy for a total of 38.283 million pounds, including 35.394 million for institutions and 2.889 million for individuals.

The general responsible for the rehabilitation, development and reconstruction of the soil dominated the list with the largest decline of 9.80%, followed by 3.70% of Misr Chemical Industries, followed by 3.48% of Suez Cement.

ASEC Mining ranked first with 9.76%, followed by Sina Pharma (6.21%), followed by Orascom Construction Plc (4.16%).

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