Egypt’s stock market closed trading in red notes on Tuesday, with the benchmark EGX30 index plunging by 1.55 per cent, data from the Egyptian Exchange (EGX) showed.
The EGX30, which tracks the country’s largest and most actively traded companies, closed at 51,769.74 points. The EGX33 Shariah index also slid 1.23 per cent to 5,782.78 points, while the EGX35-LV fell 1.52 per cent to 6,010.74 points.
Smaller-cap stocks also closed in negative territory. The EGX70 index of small and medium-sized enterprises dropped 0.84 per cent to 15,596.17 points, and the broader EGX100 inched lower by 1.05 per cent to 21,324.44 points.
Total market capitalisation stood at 3.717 trillion Egyptian pounds.
Egyptian investors were net sellers, with outflows of 22.392 billion pounds.
Meanwhile, Arab and non-Arab foreign investors were net buyers, with total purchases of 5.902 billion pounds and 16.490 billion pounds, respectively.
Attribution: Amwal Al Ghad English
