Egyptian Stocks Mostly down at Midday, EGX30 Drops to 9350

Egypt’s stocks extended its sluggish performance at midday session of Tuesday incurring losses worth 1.45 billion Egyptian pounds driven by local and non-Arab foreign investors’ sell-offs.  The country’s main stock index, EGX30 further dropped to 9350 points.

Meanwhile, the EGX indices were wavering mostly in red notes during the midday session of Tuesday.

Indices

The Benchmark EGX30 went down by 0.56% to 9350.73 p, and EGX20 fell by 0.38% to 11265.54 p.

In addition, the mid- and small-cap index, the EGX70 increased by 0.05% to 658.14 p. Yet, the Price index EGX100 inched lower by 0.12% to 1167.18 p.

Furthermore, market capitalization reached EGP 520.034 billion, according to data compiled by Amwal Al Ghad English at 12:41 p.m. Cairo time (09:41 GMT).

Trading Volumes & Values

The trading volume has recorded 76.760 million securities worth EGP 585.376 million, exchanged through 13.281 transactions during Tuesday midday.

Also during the midday session, 148 listed securities have been traded in; 77 fell, 40 advanced; while 29 keeping their previous levels.

Investors’ Activities

Local and the non-Arab foreign investors were net sellers seizing at midday trade 94.71% and 3.01% respectively of the total markets, with a net equity of EGP 10.551 million and EGP 1.485 million, excluding the deals.

On the other hand, Arab investors were net buyers acquiring 2.28% of the total market, with a net equity of EGP 12.036 million, excluding the deals.