Egypt stocks fall after deadly attacks hit Brussels

Egyptian stock market concluded Tuesday with losses estimated at 1.053 billion Egyptian pounds (US$ 118 million) as local and foreign sell off.

Twin explosions were reported at the Brussels Airport that has reportedly left several wounded and dead.

The market capitalisation has recorded 445.853 billion Egyptian pounds during the closing session of Tuesday.

Indices

Egypt’s benchmark index, EGX30 went down by 0.85 percent to 7430.33 points.

The EGX50 EWI index decreased by 0.87 percent to 1350.83 points.

EGX20 slumped by 1.14 percent to 7664.73 points.

In addition, the mid- and small-cap index EGX70 went up by 0.04 percent to 360.81 points. The price index, EGX100 sagged   by 0.20 percent to 780.3 points.

Turnovers high

On Tuesday, the bourse’s trading volume has reached 461.576 million securities, with turnovers closed at 1.147 billion pounds, exchanged through 35,335 thousand transactions.

Also during the closing session, 182 listed securities have been traded in; 40 declined, 114 advanced; while 27 kept their previous levels.

Investors’ Activities

Local and Foreign investors were net sellers on Tuesday seizing 77.77 % and 14.76 % respectively of the total markets, with a net equity of 48.153  million pounds and 13.330 million pounds, respectively, excluding the deals.

On the contrary, foreign Local investors were net buyers getting 7.47 % of the total market, with a net equity of 61.483 million pounds, excluding the deals.