The Egyptian Exchange (EGX) continued its trading in the red zone during Wednesday’s session, losing around LE 48.97 billion of the market capitalization, amid local selling.

The benchmark EGX30 decreased 2.87 percent, or 833.13 points, to end at 28,224.37 points.

The small and mid-cap index EGX 70 dipped 2.71 percent, or 181.2 points, to close at 6,516.15 points.

The broader index EGX 100 dropped 2.93 percent, or 279.38 points, to 9,260.84 points.

Market capitalization lost around LE 48.97 billion, recording LE 1.901 trillion, compared to LE 1.950 trillion in Tuesday’s session.

The trading volume reached 679.12 million shares, traded through 97,014 transactions, with a turnover of LE 3.02 billion.

Foreign investors were net buyers at LE 277.62 million, while Egyptian and Arab investors were net sellers at LE 277.52 million, and LE 96,390, respectively.

GTEX for Commercial and Industrial, Misr Beni Suef Cement, and Rowad Tourism (Al Rowad) were top gainers of the session at 19.05 percent, 8.86 percent, and 4.99 percent, respectively.

Meanwhile, E-finance for Digital and Financial Investments, MM Group for Industry and International Trade, and Tanmiya for Real Estate Investment were top losers of the session by 11.57 percent, 10.82 percent, and 9.61 percent, respectively.