Egypt Stocks remain Bearish, with EGP751 million Losses

Egypt stocks fell on Tuesday with losses totalling 751 million Egyptian pounds (US$98.5 million) as the non-Arab foreign investors’ selling pressures continue for the third day in a row.

Consequently, the country’s main stock index, EGX30 slipped further below 9370 points.

Indices:

The benchmark index, EGX30 dipped by 0.07 percent to close at 9367.54 points. EGX20 went down by 0.22 percent to 10077.67 points.

In addition, the mid- and small-cap index EGX70 decreased by 0.22 percent to 525.97 points. The price index, EGX100 plummeted by 0.73 percent to 1069.3 points.

Turnovers still below 1 billion Pounds
On Tuesday, the trading volume has reached 93.194 million securities, with turnovers closed at EGP 775.613 million, exchanged through 16.865 thousand transactions.

Also during the closing session, 179 listed securities have been traded in; 82 declined, 54 advanced; while 39 kept their previous levels.

The market capitalization recorded EGP 513.644 billion on Tuesday.

Investors’ Activities

The non-Arab foreign investors were net sellers on Tuesday seizing 15.58% of the total market, with a net equity of EGP 36.828 million, excluding the deals.

On the other hand, local and Arab investors were net buyers capturing 81.07% and 3.34% respectively of the total markets, with a net equity of EGP 22.900 million and EGP 13.928 million, respectively, excluding the deals.