Egypt stocks end 0.73% lower on non-Arab foreign selloffs

Egypt’s stocks traded lower on Tuesday as non-Arab foreign investors’ sell off weigh on. Main index, EGX30 dropped 0.73 percent, to 8186.7 points.

Other indices; EGX50 EWI index also fell 0.16 percent, to 1392.86 points; EGX20 picked down by 0.41 percent, to 8311.36 points.

Mid- and small-cap index EGX70 dipped 0.01 percent, to 361.84 points. Price index, EGX100 inched lower 0.15 percent, to 807.8 points.

Market Cap

Market capitalisation incurred losses worth 886 million Egyptian pounds ($99.7 million), to record 414.592 billion pounds during the closing session of Tuesday.

Turnovers lower

The bourse’s trading volume reached 119.009 million securities, with turnovers, closing at 513.461 million pounds, exchanged through 15,719 transactions.

Also during the closing session, 169 listed securities have been traded in, 83 declined, 41 advanced; while 43 kept their previous levels.

Investors’ Activities

Non-Arab foreign investors were net sellers capturing 24.7 percent of the total market, with a net equity of 33.491 million pounds, excluding the deals.

On the contrary, local and Arab investors were net buyers controlling 68.67 and 6.64 percent respectively of the total markets, with a net equity of 23.955 million pounds and 9.536 million pounds, respectively, excluding the deals.