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Equities slip on local selloffs
The Egyptian Gazette Published in The Egyptian Gazette on 22 - 03 - 2018


By Ahmed Kamel
CAIRO, March 22, 2018 - Local selloffs dragged Egypt's indices down on Thursday as most equities fell on a profit-taking sentiment for the third day in a row. The benchmark index EGX30 fell by 0.48 per cent to 17,064.58 points.
The broader EGX70 and EGX100 indices shed 0.29 and0.43 per cent to 878.26 and 2,251.61points.
Volume totaled LE1.6 billion (around $90.9million), market data showed.The market capitalization fell by LE6.7 billion to LE963.64 billion.
The country's blue chip Commercial International Bank (CIB) rose by 0.49 per cent to LE88 per share. CIB accounts for 40 per cent of the EGX30 average weight, according to bourse data.
Locals were net sellers of LE52.95million, bourse data showed. Arab and non-Arab investors were net buyers of LE2.16 millionand LE50.79 million respectively.
The EGX50 and the EGX20 Capped indices slipped 0.41 and 0.5 per cent to 2,877.77 and 17,128.18 points. Of a total 185 traded stocks on Thursday 56 shares rose, 102 fell, 27 remained unchanged, market data showed.

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