Egypt Stocks slip on non-Arab Selloffs

Egypt’s stocks incurred Tuesday losses totalling 4,8 billion Egyptian pounds (US$613 million) on non-Arab foreign selloffs.

The market capitalization has reached 479,301 billion pounds during the closing session of Tuesday.

Indices

The benchmark index, EGX30, further pushed lower 1.50 percent to 7752.94 points.

EGX20 sank 2.19 percent to 7821.46 points.

In addition, the mid- and small-cap index EGX70 dropped 1.40 percent to 419.06 points. The price index, EGX100 fell 1.54 percent to 888.62 points.

Turnovers surge

On Tuesday, the bourse’s trading volume has hit 127,278 million securities, with turnovers closed at 2,021 billion pounds, exchanged through 15,724 thousand transactions.

Also during the closing session, 168 listed securities have been traded in; 104 declined, 17 advanced; while 36 kept their previous levels.

Investors’ Activities

The non-Arab investors were net sellers Tuesday seizing 4.47% of the total market, with a net equity of EGP 25,694 million, excluding the deals.

On the contrary, the Egyptian and Arab investors were net buyers capturing 94.38% and 1.15% respectively of the total markets, with a net equity of EGP 18,848 million and EGP 6,845 million, respectively, excluding the deals.