Egyptian Exchange incurs $84mn losses, indices drop

Cairo stock market closed lower Sunday with losses worth 656 million Egyptian pounds (US$ 83.8 million) on local and foreign selling pressures.

The market capitalisation has reached 449.720 billion pounds during the closing session of Sunday.

Indices

Egypt’s benchmark index, EGX30 declined by 0.30 percent to 7273.92 points.

The newly-launched EGX50 EWI index edged down by 0.93 percent to 1237.14 points.

EGX20 went down by 0.88 percent to 7063.53 points.

In addition, the mid- and small-cap index EGX70 sagged by 0.93 percent to 391.17 points. The price index, EGX100 slumped by 0.47 percent to 842.35 points.

Turnovers

On Sunday, the bourse’s trading volume has hit 112.881 million securities, with turnovers closed at EGP 1.148 billion, exchanged through 14,309 thousand transactions.

Also during the closing session, 168 listed securities have been traded in; 86 declined, 41 advanced; while 36 kept their previous levels.

Investors’ Activities

Egyptian and foreign investors were net sellers on Sunday seizing 88.57% and 10.57% respectively of the total markets, with a net equity of EGP 5.867 million and EGP 4.509 million, respectively, excluding the deals.

On the contrary, the Arab investors were net buyers getting 10.376% of the total market, with a net equity of EGP 10.376 million, excluding the deals.