Egypt stocks end Tuesday bearish with $229mn losses

Egypt’s stock market declined Tuesday with losses estimated at 1.8 billion Egyptian pounds (US$229 million) on Arab selling pressures.

The market capitalisation has recorded 417.465 billion pounds during the closing session of Tuesday.

Indices

Egypt’s benchmark index, EGX30 dropped 1.13 percent to 6407.33 points.

EGX50 EWI index went down 0.61 percent to 1095.54 points.

EGX20 declined 0.11 percent to 6240.23 points.

In addition, the mid- and small-cap index EGX70 decreased 1.42 percent to 345.57 points. The price index, EGX100 sagged 0.80 percent 754.65 points.

Turnovers low

On Tuesday, the bourse’s trading volume has hit 342.694 million securities, with turnovers closed at 914.700 million pounds, exchanged through 22,775 thousand transactions.

Also during the closing session, 173 listed securities have been traded in; 79 declined, 39 advanced; while 52 kept their previous levels.

Investors’ Activities

Local and foreign investors were net buyers Tuesday seizing 68.61 percent and 21.09 percent respectively of the total market, with a net equity of 16.954 million pounds and 81.460 million pounds, respectively, excluding the deals.

On the contrary, Arab investors were net sellers getting 10.31 percent of the total market, with a net equity of  98.414 million pounds, excluding the deals.