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.
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.
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.
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