EGX Indices In Dark Red On Foreign Selling Pressures

On Wedneday’s closing session, the EGX incurred losses of L.E 4.36 billion as the capital market amounted to L.E 351.688 billion.

The main index, EGX 30 went down 1.41% to close at 4838.23 p. EGX20 fell 1.40% to close at 5565.31 p.

Meanwhile, the mid- and small-cap index, the EGX70 slumped 0.60% to close at 435.73 p. Price index EGX100 dropped 0.62% to close at 770.27 p.

Traded volume reached 99.155 million securities, at a value of L.E 373.308 million, exchanged through 20.654 thousand transactions.

This was after trading in 173 listed securities; 121 down and 35 up while 17 keeping their previous levels.

Egyptians were net buyers seizing 75.83% respectively of the total market.

On the other hand, the reason for the EGX30’s decline is that  the non-Arab Foreigners as well as and Arabs were net sellers seizing 18.25% and 5.92% of the total market, with a net equity of L.E 10.103 million and L.E 6.504 million.