EGX 30 Ends Week 1.92% Lower, Below 5760 Pts On Foreign Sellers

The Egyptian Exchange (EGX) ended this week posting losses of EGP 5.1 billion driven by non-Arab foreigners’ selling pressures. The capital market has reached to EGP 387.976 billion.

The EGX indices closed in dark red.

The main index, EGX30 sank by 1.92% to end at 5754.51 p. EGX20 pushed down by 1.78% to close at 6643.57 p.

Meanwhile, the mid- and small-cap index, the EGX70 inched down by 1.30% to conclude at 495.88 pts.  Price index EGX100 tumbled 1.43% to finish at 832.14 p.

During Thursday’s closing, the trading volume has reached 124.664 million securities worth EGP 502.345 million, exchanged 28.809  thousand transactions.

This was after trading in 178 listed securities; 129 declined, 31 advanced; while 18 keeping their previous levels.

EGX’s losses were driven by non-Arab foreigners’ selling transactions as they were net sellers seizing 23.14% of the total markets, with a net equity of EGP 87.864 million excluding the deals.

On the other hand, Egyptians and Arabs were net buyers seizing 71.03% and 5.83% respectively, of the total markets, with a net equity of EGP 26.317 million and EGP 10.421 million excluding the deals.