Cairo bourse finishes week 0.36% down, loses $65mmn

Cairo stock market ended the week with losses estimated at 578 million Egyptian pounds (US$65 million) on foreign selling pressure.

The market capitalisation recorded 416.657 billion pounds during the closing session of Thursday.

Indices:

Egypt’s main index, EGX30 dropped by 0.36 percent to 8317.17 points.

The EGX50 EWI index declined by 0.23 percent to 1404.35 points.

EGX20 rose by 0.23 percent to 8423.16 points.

In addition, the mid- and small-cap index EGX70 fell by 0.19 percent to 365.16 points. The price index, EGX100 decreased by 0.18 percent to 810.75 points.

Turnovers up

On Thursday, the bourse’s trading volume recorded 182.011 million securities, with turnovers closed at 912.445 billion pounds, exchanged through 20,872 thousand transactions.

Also during the closing session, 176 listed securities have been traded in; 83 declined, 52 advanced; while 37 kept their previous levels.

Investors’ Activities

Egyptian and Arab investors were net buyers on Thursday capturing 77.96 percent and 6.46 percent respectively of the total markets, with a net equity of 60.003 million pounds and 34.804 million pounds, respectively, excluding the deals.

On the contrary, non-Arab investors were net sellers getting 15.58 percent of the total market, with a net equity of 94.808 million pounds, excluding the deals.