EGX Extended Its Losses On Foreign Selling Pressures

On Tuesday’s closing session, the EGX extended its losses to reach EGP 3.1 billion as the capital market amounted to EGP 352.282 billion.

The main index, EGX30 went down 0.82% to close at 4908.36 p. EGX20 slumped 0.30% to close at 5790.28 p.

Meanwhile, the mid- and small-cap index, the EGX70 edged down 1.38% to close at 434.69 p. Price index EGX100 fell 0.90% to close at 775.62 p.

Traded volume reached million 115.788 securities worth EGP 487.035 million, exchanged through 24.430 thousand transactions.

This was after trading in 181 listed securities; 118 declined and 34 advanced while 15 keeping their previous levels.

Egyptians and Arabs were net buyers seizing 79.3% and 4.59% respectively, of the total markets, with a net equity of EGP 109.209 million and EGP 32.071 million excluding the deals.

On the other hand, the non-Arab Foreigners were net sellers seizing 16.12% with a net equity of 141.280 million, excluding the deals.