Cairo’s bourse slumped Wednesday with losses of $270mn

Egypt’s bourse concluded lower Wednesday with losses of 2.4 billion Egyptian pounds ($270mn), on local and foreign sells off.

Main stock index, EGX30 lost 1.18 percent, to 7442.44 points.

EGX50 EWI index inched lower 1.24 percent, to 1382.82 points; EGX20 also sank 1.28 percent, to 7459.68 points.

Mid- and small-cap index EGX70 fell 0.51 percent, to 365.83 points. Price index, EGX100 went down 0.71 percent to 765.49 points.

Market Caps

Market capitalization recorded 401.542 billion pounds during the closing session of Wednesday.

Turnovers

On Wednesday, the bourse’s trading volume hit 200.764 million securities, with turnovers closed at 842.594  million pounds, exchanged through 20,442 transactions.

Also during the closing session, 172 listed securities have been traded in 88  declined, 48 advanced; while 31 kept their previous levels.

Investors’ Activities

Arab investors were net buyers capturing 6.77 percent of the total market, with a net equity of 55.807  million pounds, excluding the deals.

On the contrary, local and Non-Arab investors were net sellers controlling 75.94  percent and 17.29 percent respectively of the total markets, with a net equity 49.472 million pounds and 6.334 million pounds, respectively, excluding the deals.