Egypt Stocks end this Week with EGP2 billion Losses on Local, Arab Sell-offs

Egypt’s stock market shares closed this week lower with losses worth 2.06 billion Egyptian pounds (US$288 million) driven by local and Arab investors’ sell-off.

The country’s main stock index, EGX30 finished higher to cross 9555 points.

The rest of the Egyptian Exchange’s indices were also wavering in mixed notes during the closing session of Thursday.

Indices:

The main stock index, EGX30 rose by 0.12 per cent to 9555.99 points. EGX20 also went up by 0.42 per cent to 10628.34 points.

Meanwhile, the mid- and small-cap index EGX70 edged lower by 0.75% to 577.13 points. Yet, the price index, EGX100 dropped by 0.30% to 1153.36 points.

Turnovers surge
Through the closing session of Thursday, the trading volume has reached 184.503 million securities, with turnovers worth EGP 1.893 billion, exchanged through 31.597 thousand transactions.                     
Also during the closing session, 188 listed securities have been traded in; 121 declined, 41 advanced; while 23 kept their previous levels.
Furthermore, the market capitalization recorded EGP 513.077 billion on Thursday.

Investors’ Activities

Local and Arab investors were net sellers on Thursday seizing 52.78% and 3.06% respectively of the total markets, with a net equity of EGP 295.760 million and EGP 31.861 million, respectively, excluding the deals.

On the other hand, the non-Arab foreign investors were net buyers capturing 44.16% of the total market, with a net equity of EGP 327.621 million, excluding the deals.