EGX Losses L.E 1.9 Bln Driven by Foreign Selling Pressures

On Wednesday’s session, the EGX incurred losses of L.E 1.9 billion as the capital market amounted to L.E 354.108 billion.

The main index, EGX 30 went down 0.73% to reach 4871.38 p. EGX20 fell 0.65% to reach 5607.7 p.

Meanwhile, the mid- and small-cap index, the EGX70 slumped 0.30% to reach 437.07 p. Price index EGX100 dropped 0.34% to reach 772.41 p.

Traded volume reached million 43.325 securities, at a value of L.E 148.498 million, exchanged through 8.652 thousand transactions.

This was after trading in 144 listed securities; 90 down and 34 up while 20 keeping their previous levels.

Egyptians and Arabs were net buyers seizing 85.22% and 4.59% repectively of the total market.

Non-Arab Foreigners were net sellers seizing 10.2% of the total market.

The data have been compiled at 10.43 GMT.