EGX 30 Falls 0.02% On Arab Midday Selling Pressures

During Wednesday midday session, the Egyptian Exchange (EGX) has posted losses of  EGP 1.05 billion as the capital market has amounted to EGP 388.328 million, according to data compiled by Amwal Al Ghad at 12:54 p.m. Cairo time (10:54 GMT).

The EGX indices shed in red during midday session.

The main index, EGX30 dropped by 0.02% to 5683.1 p.  EGX20 inched lower by 0.18% to 6525.62 p.

Meanwhile, the mid- and small-cap index, the EGX70 dipped by 0.20% to 518.24 pts.  Price index EGX100 edged down by 0.10% to 859.2 p.

Traded volume reached 47.895 million securities worth EGP 181.343 million, exchanged 9.401 thousand transactions.

This was after trading in 149 listed securities; 69 declined 35 advanced while 45 keeping their previous levels.

EGX’s midday losses were driven by Arabs’ selling pressures.

Egyptians and the non-Arab Foreigners were net sellers 74.8% and 21.63% respectively, of the total markets, with a net equity of EGP 1.816 million and EGP 1.729 million excluding the deals (data compiled at 01:00)

On the other hand, Arabs were net sellers seizing 3.56% of the total markets, with a net equity of EGP 23.545 million excluding the deals.