Cairo stocks 0.7% down on foreign selloff

Egypt’s stocks incurred losses Wednesday worth 1.2 billion Egyptian pounds (US$153.2 million) driven by foreign selloff.

The market capitalisation has reached 444.763 billion pounds during the closing session of Wednesday.

Indices

Egypt’s benchmark index, EGX30 fell 0.74 percent to 7150.47 points.

The newly-launched index, EGX50 EWI index went down 0.29 percent to 1227.24 points.

EGX20 tumbled 1.03 percent to 6988.55 points.

In addition, the mid- and small-cap index EGX70 dropped 0.15 percent to 387.89 points. The price index, EGX100 dipped 0.09 percent to 834.69 points.

Turnovers lower

On Wednesday, the bourse’s trading volume has recorded 205.379 million securities, with turnovers closed at 1.342 billion pounds, exchanged through 20,554 thousand transactions.

Also during the closing session, 168 listed securities have been traded in; 74 declined, 61 advanced; while 30 kept their previous levels.

Investors’ Activities

Non-Arab foreign investors were net sellers Wednesday seizing 3.43 percent of the total market, with a net equity of 35.818 million pounds, excluding the deals.

On the contrary, local and Arab investors were net buyers controlling 93.68 percent and 2.89 percent respectively of the total markets, with a net equity of 20.213 million and 15.604 million pounds, respectively, excluding the deals.