Egypt bourse extends gains, yet main index slumps

Cairo stock market gained Tuesday 1.2 billion Egyptian pounds (US$153.3 million). Yet, the stocks ended in red at Tuesday’s trade driven by Arab investors’ selloff.

The market capitalisation has reached 445.974 billion pounds during the closing session of Tuesday.

Indices

Egypt’s benchmark index, EGX30 tumbled 0.67 percent to 7203.86 points.

The newly-launched index, EGX50 EWI index edged down 0.22 percent to 1230.85 points.

EGX20 fell 0.28 percent to 7061.26 points.

In addition, the mid- and small-cap index EGX70 dropped 1 percent to 388.46 points. The price index, EGX100 decreased 0.27 percent to 835.44 points.

Turnovers down

On Tuesday, the bourse’s trading volume has recorded 183.016 million securities, with turnovers closed at 1.368 billion pounds, exchanged through 20,015 thousand transactions.

Also during the closing session, 172 listed securities have been traded in; 97 declined, 38 advanced; while 34 kept their previous levels.

Investors’ Activities

Arab investors were net sellers Tuesday seizing 2.95 percent of the total market, with a net equity of 16.929 million pounds, excluding the deals.

On the contrary, local and foreign investors were net buyers controlling 91.54 percent and 5.51 percent respectively of the total markets, with a net equity of 16.201 million and 728,570 pounds, respectively, excluding the deals.