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EGX dips on profit taking, equities lose 1B EGP

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CAIRO: The Egyptian Exchange (EGX) lost ground at the close of Sunday’s session, amid profit taking activities among Arab institutions as well as retailers.

The benchmark index EGX30 fell 0.41 percent to end at 8,158 points, compared to 8,191 points on Thursday.

Market capitalization shed around 1 billion EGP ($127.71 million,) totaling 496.5 billion EGP, down from 497.5 billion EGP on Thursday.

The market bellwether, CIB, dipped 1.06  percent to close at 55.81 EGP per share, compared to 56.41 EGP per share on Thursday.

Further, the small and mid-cap index EGX70 declined 0.27 percent to end at 458 points, down from 459.12 points in its last session.

The broader index EGX100 also went down 0.56 percent, to close at 939 points.


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