EGX 30 Falls 1.52%, Hits 5151 Pts On Foreign Sellers

The Egyptian Exchange has incurred losses of EGP 3.89 billion during Tuesday’s midday session driven by non-Arab foreign selling pressures.

The capital market has amounted to EGP 359.081 billion, according to data compiled by Amwal Al Ghad English between at 12:19 p.m. Cairo time (10:19 GMT) during Tuesday’s midday session.

The EGX indices hit in dark red during midday session.

Benchmark EGX30 sank by 1.52% to 5151.5 p; while EGX20 pushed down by 1.66% to 6013.83 p.

Meanwhile, the mid- and small-cap index, the EGX70 edged down by 1% to 450.46 p.  Price index EGX100 dropped by 1.23% to 751.19 p.

During Tuesday’s midday session, the trading volume has reached 39.017 million securities worth EGP 103.696 million, exchanged 7.160 thousand transactions.

This was after trading in 141 listed securities; 111 declined, 3 advanced; while 27 keeping their previous levels.

The non-Arab foreigners’ selling pressures have driven EGX’s midday losses as they were net sellers seizing 21.75% of the total markets, with a net equity of EGP 6.914 million excluding the deals.

Meanwhile, Egyptians and Arabs were net buyers seizing 72.47% and 5.78% respectively, of the total markets, with a net equity of EGP 4.217 million and EGP 2.696 million excluding the deals.