Foreign Selling Pressure Continues, EGX Losses EGP 3 Bln

On Tuesday’s closing session, the EGX incurred losses of EGP 2.99 billion as the capital market amounted to EGP 336.281 billion.

The main index, EGX 30 went down 0.76% to close at 4558.61p. EGX20 fell 2.12% to close at 5143.78 p.

Meanwhile, the mid- and small-cap index, the EGX70 dropped 1.26% to close at 423.52 p. Price index EGX100 sagged 1.64% to close at 738.52 p.

Traded volume reached million 99.262 securities, at a value of EGP 347.999 million, exchanged through 23.829 thousand transactions.

This was after trading in 174 listed securities; 122 down and 32 up while 20 keeping their previous levels.

Egyptians were net buyers seizing 86.81%, with a net equity of L.E 18.982 million, excluding the deals.

On the other hand, the reason for the EGX30’s decline is that  the non-Arab Foreigners and Arabs were net sellers seizing 9.63% and 3.56% respectively, with a net equity of EGP 5.771 million and of EGP 13.211 million, excluding the deals.