The Egyptian Stock Exchange fell significantly during Thursday’s trading session amid sales by foreign investors. The real estate sector suffered the biggest decline.
Egypt's EGX30 Index fell nearly one percent after losing 53 points, to reach 5,396 points with trades valued at LE843 million at the end of the session.
The price indices also declined significantly, with the EGX70 index falling by nearly 2.4 percent and the EGX100 index falling 1.8 percent.
Stocks lost a value of nearly LE4.1 billion and market capital reached nearly LE388.5 million.
The real estate sector suffered the biggest decline, falling 3.2 percent.
Health care was the most profitable sector, rising 1.5 percent. The communications sector followed with a rise of 0.8 percent, and the food and beverages sector rose 0.4 percent.
Experts said they expect an upward bounce on the index next week with an estimate of 5,800 points.
Experts attributed the decline in the real estate sector to the fact that it was one of the most active sectors during the previous period, making it more susceptible to the current wave of sales.
Translated from al-Masry Al-Youm
