Egyptian Stocks end this Week Mostly Lower on Local and Arab Selloffs

Egypt’s stock market shares ended this week mostly lower with losses worth 862 million Egyptian pounds (US$113 million) driven by local and Arab selloffs.

Accordingly, the country’s main stock index, EGX30 retreated below 9970 points on Thursday.

The rest of the Egyptian Exchange’s indices were also wavering mostly in red notes during the closing session of Thursday, except for the mid- and small-cap index EGX70, which solely rose.

Indices:

The main stock index, EGX30 tumbled by 0.80 per cent to 9965.43 points. EGX20 edged down by 0.91 per cent to 11051.62 points.

Meanwhile, the mid- and small-cap index EGX70 went up by 0.24% to 598.19 points. The price index, EGX100 dropped by 0.16% to 1179.09 points.

Turnovers below EGP1 billion
Throughout the closing session of Thursday, the trading volume has reached 124.488 million securities, with turnovers climbed to EGP 787.272 million, exchanged through 23.656 thousand transactions.                       
Also during the closing session, 181 listed securities have been traded in; 107 declined, 43 advanced; while 28 kept their previous levels.
Furthermore, the market capitalization recorded EGP 539.845 billion on Thursday.

Investors’ Activities

The local and Arab investors were net sellers seizing on Thursday 86.04% and 4.77% respectively of the total markets, with a net equity of EGP 2.468 million and EGP 1.359 million, respectively, excluding the deals.

On the other hand, the non-Arab foreign were net buyers capturing 9.18% of the total market, with a net equity of EGP 3.828 million, excluding the deals.