On Growing Syria Worries, Egypt Shares Dive at Closing

Egypt’s stocks ended much lower on Tuesday encountering losses of EGP 5.4 billion triggered by growing concerns over a possible military actions against Syria headed by the USA. The benchmark has closed below 5340 pts.

The Egyptian Exchange indices were wavering in dark red notes during the closing session of Tuesday.

Egypt’s benchmark index EGX30 sank by 2.04% to close at 5337.65 pts; while the EGX20 edged down by 2.27% to end at 6186.7 p. 
Meanwhile, the mid- and small-cap index, the EGX70 dived by 2.30% to conclude at 443.67 p. The price index EGX100 tumbled by 2.12% to finish at 751.63 p.

The capital market has closed at EGP 356.889 billion on Tuesday.

Traded Volumes & Trades
Through the closing session of Tuesday, the trading volume has reached 124.861 million securities. For the traded value, it hit EGP 356.957 million, exchanged through 22.067 thousand transactions.  

Also during the closing session, 174 listed securities have been traded in; 141 declined, 13 advanced; while 20 keeping their previous levels.

Investors’ Activity
The non-Arab foreigners’ selling pressures have driven EGX’s closing losses as they were net sellers seizing 6.44% of the total market, with a net equity of EGP 6.257 million, excluding the deals.

Meanwhile, Egyptians and Arabs were net buyers seizing 88.67% and 4.89% respectively, of the total market, with net equities of EGP 1.584 million and EGP 4.673 million, excluding the deals.