Egypt Stocks Lose EGP12.4bn on Tuesday, EGX30 below 8520

Egypt’s indices ended Tuesday with substantial losses totalling 12.4 billion Egyptian pounds (US$ 1.7 billion) driven by non-Arab foreign investors’ massive selling pressures. In addition, the country’s main stock index, EGX30 also retreated below 8520 points.

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

Indices

Egypt’s benchmark index EGX30 ended 3.58 per cent lower to 8515.66 pts; while EGX20 closed 4.21 per cent down to 9568.43 pts.

In addition, the mid- and small-cap index, the EGX70 dived by 4.35 per cent to finish at 554.53 pts. The price index EGX100 sank by 3.43 per cent to conclude at 1046.93 pts.

Furthermore, the market capitalization recorded EGP 480.139 billion on Tuesday.

Turnovers above EGP one billion
Through the closing session of Tuesday, the trading volume has reached 202.997 million securities, with turnovers worth EGP 1.213 billion, exchanged through 26.130 thousand transactions.                 
Also during the closing session, 191 listed securities have been traded in; 158 declined, 14 advanced; while 12 kept their previous levels.

Investors’ Activities

The non-Arab foreign investors were net sellers on Tuesday seizing 14.52% of the total market, with a net equity of EGP 126.035 million, excluding the deals.

On the other hand, local and Arab investors were net buyers capturing 80.82% and 4.66% respectively of the total markets, with a net equity of EGP 123.621 million and EGP 2.413 million, respectively, excluding the deals.