EGX Ends Week With EGP 2.7 Bln Losses On Local, Foreign Sellers

The Egyptian Exchange (EGX) has ended this week posting losses of EGP 2.7 billion driven by local and non-Arab foreign selling pressures. The capital market has reached to EGP 380.769 billion during Thursday’s closing session.

The EGX indices closed in red.

The main index, EGX30 fell by 0.52% to end at 5661.25 p. EGX20 dropped by 0.67% to close at 6502.04 p.

Meanwhile, the mid- and small-cap index, the EGX70 pushed down by 1.77% to conclude at 467.9 pts.  Price index EGX100 dived 1.42% to finish at 800.09 p.

During Thursday’s closing, the trading volume has reached 97.622 million securities worth EGP 378.570 million, exchanged 19.938 thousand transactions.

This was after trading in 177 listed securities; 133 declined, 26 advanced; while 18 keeping their previous levels.

Egyptians and non-Arab foreigners were net sellers seizing 77.91% and 16.94% respectively, of the total markets, with a net equity of EGP 10.424 million and EGP 3.367 million excluding the deals.

Meanwhile, Arabs were net buyers seizing 5.15% of the total markets, with a net equity of EGP 13.792 million excluding the deals.