Egypt stock market starts new month 3.11% lower

Egypt’s bourse, reopened after two days of public holidays, ended lower Tuesday after the local currency slipped further in the black market.

Main stock index, EGX30 lost 3.11 percent, to 7531.59 points.

EGX50 EWI index inched lower 3.05 percent, to 1400.24 points; EGX20 also sank 4.04 percent, to 7556.66 points.

Mid- and small-cap index EGX70 fell 1.76 percent, to 367.72 points. Price index, EGX100 went down 2.15 percent to 772.97 points.

Market Caps

Market capitalisation has recorded losses worth 9.4 billion Egyptian pounds (around $1.1 billion), to record 403.956 billion pounds during the closing session of Tuesday.

Turnovers

On Tuesday, the bourse’s trading volume hit 230.856 million securities, with turnovers closed at 873.135 million pounds, exchanged through 25,093 transactions.

Also during the closing session, 172 listed securities have been traded in 130 declined, 12 advanced; while 25 kept their previous levels.

Investors’ Activities

Local investors were net sellers capturing 69.09 percent of the total market, with a net equity of 108.706 million pounds, excluding the deals.

On the contrary, non-Arab foreign and Arab investors were net buyers controlling 16.9 and 14.01 percent respectively of the total markets, with a net equity of 82.19 million pounds and 26.509 million pounds, respectively, excluding the deals.