Egypt Stocks Lose EGP7bn on Tuesday, EGX30 below 9485

Egypt’s stocks encountered losses on Tuesday totalling 7.1 billion Egyptian pounds triggered by foreign investors’ deep selling pressures. In return, the country’s main stock index, EGX30 ended trading below 9485 points.

The Egyptian Exchange’s indices were wavering in red notes during the closing session of Tuesday.

Indices

Egypt’s benchmark index EGX30 ended 1 per cent lower to 9482.62 pts; while EGX20 closed 1.33 per cent down to 10958.22 pts.

In addition, the mid- and small-cap index, the EGX70 inched lower by 1.23 per cent to finish at 629.56 pts. The price index EGX100 tumbled by 0.77 per cent to conclude at 1152.93 pts.

Furthermore, the market capitalization recorded EGP 518.896 billion on Tuesday.

Turnovers Near EGP One billion and Half
Through the closing session of Tuesday, the trading volume has reached 245.720 million securities, with turnovers worth EGP 1.462 billion, exchanged through 31.627 thousand transactions.                 
Also during the closing session, 192 listed securities have been traded in; 138 declined, 30 advanced; while 17 kept their previous levels.

Investors’ Activities

The non-Arab foreign and Arab investors were net sellers on Tuesday seizing 19.31% and 5.57% respectively of the total markets, with a net equity of EGP 25.636 million and EGP 56.328 million, respectively, excluding the deals.

On the other hand, local investors were net buyers capturing 75.13% of the total market, with a net equity of EGP 81.965 million, excluding the deals.