Profit-taking operations push EGX down at closing session

Last updated: May 20, 2021 9:19 pm

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A general view of the Egyptian Exchange (EGX) in Cairo August 18, 2013. Egypt's stock market fell sharply on Sunday as it resumed trading after hundreds of people were killed in a crackdown by the army-backed government on supporters of the Muslim Brotherhood. Banks and the stock market reopened for the first time since Wednesday's carnage, with shares rapidly falling 2.5 percent. REUTERS/Louafi Larbi (EGYPT - Tags: POLITICS CIVIL UNREST BUSINESS)

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.