EGX 30 Ends This Week below 5170 on Renewed Violence

Egypt’s stock market ended this week higher posting gains totaled EGP 931 million. However, the benchmark index retreats below 5170 pts driven by foreign selling pressures.

This comes after a bomb detonated near the convoy of Egypt’s Interior Minister Mohamed Ibrahim in northeast Cairo early on Thursday.

The explosion took place near the minister’s residence in the capital’s Nasr City district.

At least seven, including a child, were injured in the attack, according to Egypt’ Ambulance Authority.

The Egyptian Exchange indices were wavering in mixed notes during the closing session of Thursday.

Egypt’s benchmark index EGX30 slumped by 0.38% to close at 5169.89 pts; while the EGX20 fell by 0.47% to end at 6008.29 p. 
On the other hand, the mid- and small-cap index, the EGX70 increased by 0.70% to conclude at 441.18 p. The price index EGX100 rose by 0.54% to finish at 744.2 p.
The capital market has closed at EGP 352.340 billion on Thursday.

Declining Traded Volumes & Trades
Through the closing session of Thursday, the trading volume has reached 84.023 million securities. For the traded value, it hit EGP 267.417 million, exchanged through 16.277 thousand transactions.   

Also during the closing session, 163 listed securities have been traded in; 74 declined, 57 advanced; while 32 keeping their previous levels.

Investors’ Activity

Arabs and the non-Arab foreigners were net sellers seizing 6.6% and 9.45% respectively, of the total market, with net equities of EGP 6.557 million and EGP 4.950 million, excluding the deals.

Meanwhile, Egyptians were net buyers seizing 83.95% of the total market, with a net equity of EGP 11.508 million, excluding the deals.