EGX 30 Ends Tuesday’s 2.01% Lower, Below 5500 Pts

The Egyptian Exchange (EGX) has ended Tuesday’s sessions posting  losses of EGP 4.5 billion driven by the non-Arab foreign selling pressures.  The capital market has reached to EGP 370.433 billion.

The EGX indices closed in dark red.

The main index, EGX30 sank by 2.01% to end at 5495.3 p. EGX20 pushed down by 1.62 % to close at 6330.06 p.

Meanwhile, the mid- and small-cap index, the EGX70 fell by 1.26% to conclude at 450.97 pts.  Price index EGX100 inched down 1.34% to finish at 771.14 p.

During Tuesday’s closing, the trading volume has reached 112.514 million securities worth EGP 487.650 million, exchanged 22.454 thousand transactions.

This was after trading in 168 listed securities; 119 declined, 18 advanced; while 31 keeping their previous levels.

EGX’s closing losses were driven by the non-Arab foreigners’ selling pressures as they were net sellers seizing 25.62% of the total markets, with a net equity of EGP 102.788 million excluding the deals.

Meanwhile, Egyptians and Arabs were net buyers seizing 62.04% and 12.34% respectively, of the total markets, with a net equity of EGP 57.029 million and EGP 45.759 million excluding the deals.