EGX 30 Dives 2.14%, Ends Week At 5574 Pts

During Thursday closing session, the Egyptian Exchange (EGX) reported losses for the third-session in a row as it has posted losses of EGP 5.3 billion as the capital market has amounted to EGP 388.594 million.

The EGX indices closed in dark red.

The main index, EGX30 dived by 2.14% to close at 5574.18 p.  EGX20 sank by 2.39% to end at 6509.24 p.

Meanwhile, the mid- and small-cap index, the EGX70 pushed down by 1.38% to conclude 528.67 pts.  Price index EGX100 dropped by 1.36% to finish at 867.30 p.

Traded volume reached 146.341 million securities worth EGP 530.708 million, exchanged 31.252 thousand transactions.

This was after trading in 177 listed securities; 148 declined 17 advanced while 12 keeping their previous levels.

EGX’s closing losses were driven by the non-Arab Foreigners’ selling pressures.

The non-Arab Foreigners were net sellers seizing 13.84% of the total markets, with a net equity of EGP 13.526 million excluding the deals.

On the other hand, Egyptians and Arabs were net buyers 78.76% and 7.4% respectively, of the total markets, with a net equity of EGP 10.505 million and EGP 3.021 million excluding the deals.