EGX 30 Falls 1%, Ends Below 5320 Pts On Local Sellers

The Egyptian Exchange (EGX) has extended its opening losses to eventually reach EGP 2.5 billion during Tuesday’s closing session. The capital market has amounted to EGP 367.404 billion.

The main index, EGX30 pushed down by 1% to end at 5318.85 p. EGX20 sank by 1.21% to close at 6124.2 p.

Meanwhile, the mid- and small-cap index, the EGX70 dropped by 1.36% to conclude at 469.61 pts.  Price index EGX100 dipped by 1.11% to finish at 786.36 p.

Traded volume reached 125.376 million securities worth EGP 707.829 million, exchanged 19.996 thousand transactions.

This was after trading in 162 listed securities; 112 declined, 30 advanced; while 20 keeping their previous levels.

The EGX’s closing losses were driven by local selling pressures as Egyptians were net sellers seizing 95.38% of the total markets, with a net equity of EGP 36.078 million excluding the deals.

Meanwhile, the non-Arab foreigners and Arabs  were net buyers seizing 2.45% and 2.17% respectively, of the total markets, with a net equity of EGP 28.425 million and EGP 7.653 million excluding the deals.