Egypt Stocks End Week with EGP4.6 billion Losses

Egypt’s stocks ended this week in dark red incurring losses worth 4.6 billion Egyptian pounds driven by local investors’ selling pressures. As a result, the country’s main stock index, EGX30 was also hurt by the local sell-offs to sink below 9480 points on Thursday.

Indices

Egypt’s benchmark index EGX30 ended 1.16 per cent lower to 9475.68 pts; while EGX20 finished 1.70 per cent down to 11235.02 pts.     
In addition, the mid- and small-cap index, the EGX70 dived by 2 per cent to finish at 611.65 pts. The price index EGX100 pushed down by 1.7 per cent to conclude at 1118.7 pts.  
Furthermore, the market capitalization recorded EGP 516.488 billion on Thursday.

Turnovers below EGP One billion
Through the closing session of Thursday, the trading volume has reached 176.274 million securities, with turnovers worth EGP 526.547 million, exchanged through 25.108 transactions.               
Also during the closing session, 183 listed securities have been traded in; 135 declined, 22 advanced; while 20 kept their previous levels.

Investors’ Activities

Local investors were net sellers on Thursday seizing 79.38% of the total market, with a net equity of EGP 128.816 million, excluding the deals.

On the other hand, the non-Arab foreign and Arab investors were net buyers acquiring 14.21% and 6.4% respectively of the total markets, with a net equity of EGP 102.757 million and EGP 26.058 million, respectively, excluding the deals.