The Egyptian Exchange (EGX) closed down on Wednesday to its lowest level in 15 months amid selling operations by local and foreign investment funds.

The market capital lost about EGP 6.3 billion to hit EGP 472.8 billion, after transactions of about EGP 500 million.

The main benchmark EGX 30 index went down by 2.6 percent reaching 7,550.98 points.

The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) declined 1.55 percent to 412.55 points.

The all-embracing EGX 100 index followed suit with 1.7 percent taking the index down to 873.61 points.