Cairo’s bourse concludes week with $170.8mn losses

Stocks in Egypt declined further Thursday with losses estimated at 1.337 billion Egyptian pounds (US$170.8 million) driven by foreign selling pressures.

Market capitalisation has recorded 380.532 billion pounds during the closing session of Thursday.

Indices

Egypt’s benchmark index, EGX30 dropped 1.09 percent to 5713.35 points.

EGX50 EWI index went down 0.05 percent to 1042.37 points.

EGX20 plummeted 0.84 percent to 5714.95 points.

On the other hand, the mid- and small-cap index EGX70 rose 0.23 percent to 344.133 points. The price index, EGX100  increased by  0.06 percent 692.03 points.

Turnovers weak

On Thursday, the bourse’s trading volume hit 454.576 million securities, with turnovers closed at 980.049 million pounds, exchanged through 25,766 transactions.

Also during the closing session, 159 listed securities have been traded in; 52 declined, 59 advanced; while 44 kept their previous levels.

Investors’ Activities

Local and Arab investors were net buyers Thursday seizing 88.19 percent and 4.07 percent respectively of the total markets, with a net equity of 46.946 million pounds and 23.610  million pounds, respectively, excluding the deals.

On the contrary, foreign investors were net sellers getting 7.74 percent percent of the total market, with a net equity of 70.556 million pounds, excluding the deals.