Cairo bourse ends week with losses of $146mn

Egyptian stock market concluded the week with losses estimated at 1.3 billion Egyptian pounds (US$146.3 million) on local selling pressure.

The market capitalisation hit 403.861 billion during the closing session of Thursday.

Indices

Egypt’s benchmark index, EGX30 dropped by 0.16 percent to 7531.15 points.

The EGX50 EWI index went down by 0.35 percent to 1402.85 points.

EGX20 fell by 0.44 percent to 7711.73 points.

In addition, the mid- and small-cap index EGX70 decreased by 0.42 percent to 373.67 points. The price index, EGX100 slumped by 0.27 percent to 785.09 points.

Turnovers

On Thursday, the bourse’s trading volume has hit 191.887 million securities, with turnovers closed at 957.137 million pounds, exchanged through 17,719 thousand transactions.

Also during the closing session, 177 listed securities have been traded in; 92 declined, 42 advanced; while 37 kept their previous levels.

Investors’ Activities

Local investors were net sellers seizing 85.4% of the total market, with a net equity of 62.566 million, excluding the deals.

On the contrary, Arab and non-Arab investors were net buyers on Thursday getting 2.72% and 11.88% respectively of the total markets, with a net equity of 4.580 million pounds and 57.985 million pounds, respectively, excluding the deals.