Egypt stocks ends weak on Tuesday with losses $58mn

Egyptian stock market concluded Tuesday with losses estimated at 459 million Egyptian pounds (US$ 58 million) despite foreign and Arab buying appetite.

The market capitalisation has recorded 392.639 billion Egyptian pounds during the closing session of Tuesday.

Indices

Egypt’s benchmark index, EGX30 went down by 0.51 percent to 6115.54 points.

The EGX50 EWI index increased by 0.71 percent to 1157.68 points.

EGX20 slumped by 0.41 percent to 6115.03 points.

In addition, the mid- and small-cap index EGX70 went up by 0.92 percent to 354.28 points. The price index, EGX100 rose   by 0.43 percent to 726.19 points.

Turnovers high

On Tuesday, the bourse’s trading volume has reached 104.863 million securities, with turnovers closed at 588.062 million pounds, exchanged through 18,751 thousand transactions.

Also during the closing session, 159 listed securities have been traded in; 47 declined,76 advanced; while 34 kept their previous levels.

Investors’ Activities

Foreign and Arab investors were net buyers on Tuesday getting 7.22 % and 3.13 % respectively of the total markets, with a net equity of 7.448 million pounds and 19.630 million pounds, respectively, excluding the deals.

On the contrary, foreign Local investors were net sellers seizing 89.65 % of the total market, with a net equity of 27.078 million pounds, excluding the deals.