Egypt's market incurred heavy losses on Wednesday's session, as the benchmark EGX30 index fell 2.12 percent, recording 7,911.88 points and a turnover of LE346 million, the Egyptian Exchange data showed.
Stock markets declined sharply as China's decision to further devalue the yuan put pressure on commodities and emerging market equities, according to Reuters.
Meanwhile, the small and mid-cap EGX70 index and the broader EGX100 index declined 2.04 percent and 1.53 percent, respectively.
Local and Arab institutions were net buyers, recording net flows of LE19.9 million and LE1.9 million, respectively, while foreign institutions were net sellers, recording net flows of LE20.3 million.
The EGX market capital lost LE6.13 billion (US$786 million), hitting LE485.62 billion, compared to LE491.75 billion on Tuesday.
