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Stock market drops at the end of Wednesday session: the economy faces new challenges

On Wednesday, the Egyptian Stock Exchange (EGX) witnessed a significant decline in performance indicators, with the main index, the EgyX 30, which includes the 30 largest listed companies, falling 1.12% to close at 34761.97 points.

In a similar vein, the EGX SHARIAH index also closed down 1.46%, holding at 34761.97.

As for the EWI Small and Medium Stock Index, it recorded a slight decline of 0.27%, ending the session at 10,871.18 points.

The wider EgyX 100 index closed down 0.61% to 14,344.33.

As for the total value of trades, it amounted to 3.8 billion Egyptian pounds, with 118,875 trades recorded.

By the end of the session, the total market capitalization reached about 2.4 trillion Egyptian pounds.

It should be noted that 56 companies recorded a rise in their shares, while the shares of 138 companies fell, and the shares of 26 companies remained unchanged.

As for the transactions of individuals and institutions, the data showed that individuals contributed 77.8% of the total transactions, while the share of institutions was 22.19%.

The data also showed that Arab investors accounted for 3.4 percent of total transactions, while foreign transactions recorded 4.23% while Egyptians achieved 92.37%.

On the other hand, Egyptian and Arab investors recorded total sales of 21.4 million pounds and 14.9 million pounds, respectively, while the figures showed that foreigners tended to buy with a total of 36.4 million pounds.

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