Egypt Stocks End This Week Lower, Lose EGP3.3 billion

Egypt’s stocks ended this week lower with losses amounting to 3.3 billion Egyptian pounds as foreign investors were back to sell-off transactions. Consequently, the main stock index, EGX30 also ended Thursday’s sessions below 8340 points.

Meanwhile, the EGX indices were wavering in red notes during the closing session of Thursday.

Indices

Egypt’s benchmark index EGX30 ended 1.18 per cent lower to 8340.4 pts; while EGX20 finished 1.22 per cent down to 10066.83 pts.     
In addition, the mid- and small-cap index, the EGX70 tumbled by 0.87 per cent to end at 589.59 pts. The price index EGX100 inched down by 0.82 per cent to conclude at 1037.2 pts.  
Furthermore, the market capitalization recorded EGP 480.727 billion on Thursday. 

Turnovers above EGP 1 billion
Through the closing session of Thursday, the trading volume has reached 192.454 million securities, with turnovers worth EGP 1.368 billion, exchanged through 24.398 thousand transactions.               
Also during the closing session, 191 listed securities have been traded in; 103 declined, 39 advanced; while 29 kept their previous levels.

Investors’ Activities

Arab and the non-Arab foreign investors were net sellers seizing on Thursday 5.3% and 11.7% respectively of the total markets, with a net equity of EGP 7.165 million and EGP 35.899 million respectively, excluding the deals.

On the contrary, Egyptian investors were net buyers capturing 83% of the total market, with a net equity of EGP 43.064 million, excluding the deals.