New Year’s Eve 2014: Egypt Stocks End Lower, EGX 30 0.01% Up

Ahead of new year’s eve, Egyptian shares ended lower on Tuesday incurring losses totaled EGP 578 million driven by non-Arab foreign sell-offs. The benchmark index closed above 6780 points on Tuesday.

Egyptian Exchange (EGX) announced next Wednesday January, 1st, 2014 an official vacation on the occasion  of Banks’ Holiday.

Activities will be resumed on Thursday.

The Egyptian Exchange indices were wavering in mixed notes on Tuesday afternoon.

Egypt’s benchmark index EGX30 ended 0.01 per cent higher to 6782.84 pts, and EGX20 also finished 0.07 per cent up to 7899.74 pts.    
Meanwhile, the mid- and small-cap index, the EGX70 slumped by 0.62% to close at 542.19 pts. The price index EGX100 dropped by 0.20 per cent to conclude at 923.15 pts.  
The capital market has closed at EGP 426.810 billion on Tuesday afternoon.

Turnovers
Through the closing session of Tuesday, the trading volume has reached 195.863 million securities. For the traded value, it hit EGP 439.577 million, exchanged through 26.039 thousand transactions.           

Also during the closing session, 181 listed securities have been traded in; 101 declined, 57 advanced; while 23 keeping their previous levels.

Investors’ Activities

the non-Arab foreigners were net sellers seizing 6.08% of the total market, with a net equity of EGP 16.288 million, excluding the deals.

On the contrary, Egyptians and Arabs were net buyers acquiring 88.47% and 5.45% respectively of the total markets, with a net equity of EGP 1.075 million and 15.212 million respectively, excluding the deals.