As profit-taking goes on, Egypt stocks end week 0.4% lower

Egypt’s stock market fell on Thursday as investors continue booking profits.

Main index, EGX 30 tumbled 0.44 percent, to 11297.93 points, it fell 2.2 percent this week in profit-taking after a spectacular rally following the November 3 float of the Egyptian pound.

Other indices; EGX50 EWI index dropped 0.55 percent, to 1819.19 points; EGX20 shrank by 0.38 percent, to 10976.68 points.

Mid- and small-cap index EGX70 rose 0.14 percent, to 449.36 points. Price index, EGX100 sagged 0.15 percent, to 1060.51 points.

Market Cap

Market capitalisation incurred mild losses worth 348 million Egyptian pounds (around $19.3 million), to record 563.640 billion pounds during the closing session of Thursday.

Turnovers

The bourse’s trading volume reached 335.450 million securities, with turnovers, closing at 1.389 billion pounds, exchanged through 30,489 transactions.

Also during the closing session, 181 listed securities have been traded in, 93 declined, 57 advanced; while 30 kept their previous levels.

Investors’ Activities

Local investors were net sellers capturing 83.31 percent of the total market, with a net equity of 110.995 million pounds, excluding the deals.

On the contrary, non-Arab foreign and Arab investors remained net buyers controlling 11.46 and 5.23 percent respectively of the total markets, with a net equity of 90.460 million pounds and 20.535 million pounds, respectively, excluding the deals.