ICEC

EGX Losses EGP 5.4 Bln On Foreign Selling Pressures

On Monday’s midday session, the EGX incurred losses of EGP 5.43 billion as the capital market amounted to L.E 341.791 billion.

The main index, EGX 30 went down 1.72% to reach 4641.4 p. EGX20 fell 2.12% to reach 5314.25 p.

On the other hand, the mid- and small-cap index, the EGX70 dropped 1.62% to reach 431.19 p. Price index EGX100 edged down 1.39% to reach 756.41p.

Traded volume reached million 52.745 securities, at a value of EGP 129.867 million, exchanged 9.519 thousand transactions.

This was after trading in 153 listed securities; 131 down and 12 up while 10 keeping their previous levels.

Egyptians were net buyers seizing 79.64% of the total market, with a net equity of L.E 14.884 million.

On the other hand, the main reason for the EGX30’s downwards is that the non-Arab Foreigners and Arabs were net sellers seizing 10.98% and 9.38% of the total market, with a net equity of EGP 5.519 million and of EGP 9.365 million respectively.

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