The Egyptian Exchange bell is seen at the stock exchange in Cairo (Photo: Reuters)
Egypt's main index, the EGX30, was in the red on Wednesday, breaking a series of gains.
The EGX30 inched down 0.27 percent to sit at 5665 points.
The broader indices EGX70 and EGX100 rose by 0.16 percent and 0.06 percent respectively on Wednesday.
"Egyptian indices saw a discrepancy as the slight decrease in the main index was off-set by another modest increase in the broader indices." Ashraf Abdel-Aziz, head of institutional sales at the Cairo-based Arabia Online Securities, told Ahram Online.
Around 90 listed stocks recorded losses on Wednesday, with Global Telecom Holding and TMG Holding being the most prominent decliners in the EGX30 at 0.89 and 0.78 percent losses respectively.
"We got used to a green EGX30 over the previous weeks, but a slight decrease in the index is normal and could indicate a simple case of profit-making," added Abdel-Aziz.
Daily turnover registered a relatively modest LE385 million by the end of the trading session, after hitting record highs in recent weeks.
Egyptian investors were net -sellers for the day, selling LE27.6 million in stocks, while Arab and foreign investors were net-buyers.
In the banking sector, Commercial International Bank declined by 0.24 percent and National Societe Generale Bank fell 0.44 percent.
In the financial services sector, EFG-Hermes Holding inched up 0.56 while Pioneers Holding rose by 0.46 percent.
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