Egypt Stocks lose $222.7 million as non-Arab investors sell

Egypt stocks incurred Wednesday losses totalling 1.7 billion (US$222.7 million) amid non-Arab foreign investors’ selling pressures. In return, the country’s benchmark index, EGX30 also retreated below 9485 points.

The rest of the Egyptian Exchange’s indexes were also wavering in red notes during the closing session of Wednesday.

Indices:

The benchmark index, EGX30 inched down by 0.81 percent to close at 9484.08 points. EGX20 tumbled by 1.42 percent to 10238.94 points.

In addition, the mid- and small-cap index EGX70 plunged by 1.38 percent to 541.96 points. The price index, EGX100 fell by 1.07 percent to 1098.63 points.

Turnovers below EGP1 billion
On Wednesday, the trading volume has reached 104.470 million securities, with turnovers closed at EGP 977.880 million, exchanged through 18.892 thousand transactions.

Also during the closing session, 178 listed securities have been traded in; 111 declined, 30 advanced; while 33 kept their previous levels.

Furthermore, the market capitalization recorded EGP 523.181 billion on Wednesday.

Investors’ Activities

The non-Arab foreign investors were net sellers on Wednesday seizing 17.34% of the total market, with a net equity of EGP 15.614 million, excluding the deals.

On the other hand, local and Arab investors were net buyers acquiring 81.16% and 1.5% respectively of the total markets, with a net equity of EGP 14.692 million and EGP 921.884 thousand, respectively, excluding the deals.