Egypt Stocks ended week Mixed on local selloff

Stocks ended in mixed notes with losses worth 756 million Egyptian pounds (US$99 million) on local investors’ selloff Thursday, the eighth day of the Muslim holy month of Ramadan.

During Ramadan, the trading hours starts at 10:00 a.m. (8:00 GMT) and closes at 1:30 p.m. (11:30 GMT).

The market capitalisation has recorded 486.132 billion pounds during the closing session of Thursday.

Indices

The benchmark index, EGX30 tumbled 0.60 percent to 8406.17 points. EGX20 also dropped 0.44 percent to 8520.49 points.

Meanwhile, the mid- and small-cap index EGX70 went up 0.22 percent to 446.69 points.

The price index, EGX100 rose 0.07 percent to 944.17 points.

Turnovers surge

On Thursday, the bourse’s trading volume has reached 117.340 million securities, with turnovers closed at 1.038 billion pounds, exchanged through 14.599 thousand transactions.

Also during the closing session, 160 listed securities have been traded in; 49 declined, 72 advanced; while 34 kept their previous levels.

Investors’ Activities

Local investors were net sellers Thursday seizing 74.36% of the total market, with a net equity of EGP 203.263 million, excluding the deals.

On the contrary, Arab and the non-Arab foreign investors were net buyers capturing 10.69% and 14.95% respectively of the total markets, with a net equity of EGP 35.845 million and EGP 167.417 million, respectively, excluding the deals.