Cairo’s bourse slumped Wednesday with losses of $337mn

Egyptian stock market concluded Wednesday with losses estimated at 3 billion Egyptian pounds (US$ 337 million) on local and Non-Arab selling off.

The market capitalisation reached 416.471 billion pounds during the closing session of Wednesday.

Indices

Egypt’s benchmark index, EGX30 dropped by 0.82 percent to 7799.86  points.

The newly-launched EGX50 EWI index went down by 1.96  percent to 1481.24 points.

EGX20 sagged by 1.07 percent to 8158.51 points.

In addition, the mid- and small-cap index EGX70 decreased by percent 1.31 percent to 376.9 points. The price index, EGX100 decreased by 1.17 percent 803.02 points.

Turnovers  down

On  Wednesday, the bourse’s trading volume has hit 364.922 million securities, with turnovers closed at EGP 1.089 million, exchanged through 31,491 thousand transactions.

Also during the closing session, 186  listed securities have been traded in; 122 declined, 35 advanced; while 28  kept their previous levels.

Investors’ Activities

Local  and Arab investors were net sellers on Wednesday seizing 77.57 percent  and  11.62  percent respectively of the total markets, with a net equity of  58.444  million  pounds and 38.590  million pounds, respectively, excluding the deals.

On the contrary, the Arab foreign investors were net buyers getting 10.8 percent of the total market, with a net equity of EGP 97.034 million excluding the deals