EGX 30 Reiterates 5400 Pts Level; Closing

Egypt bourse has pared its morning losses which eventually reached EGP 507 million during the closing session of Tuesday.

The EGX indices ended sessions on red notes, except for the EGX20.

Egypt’s benchmark index EGX30 edged down by 0.31% to close at 5400.76 p; while the EGX20, it rose by 0.24% to end at 6172.15 p.

Meanwhile, the mid- and small-cap index, the EGX70 fell by 0.01% to conclude at 451.63 p.  Price index EGX100 dipped by 0.19% to finish 759.84 p.

The capital market has closed at EGP 363.930 billion on Tuesday.

During closing, the trading volume hit 89.648 million securities, higher than Monday’s session of 60.048 million securities, representing an increase of 29.600 thousand securities. For the traded value, it reached EGP 317.020 million, exchanged through 14.070 thousand transactions.

During the closing session of Tuesday, 162 listed securities have been traded in; 50 declined, 74 advanced; while 38 keeping their previous levels.

Arabs and the non-Arab foreigners’ selling pressures have driven EGX’s losses as they were net sellers seizing 5.26% and 7.99% respectively, of the total markets, with a net equity of EGP 2.852 million and EGP 24.447 million excluding the deals.

Meanwhile, Egyptians were net buyers seizing 86.75% of the total markets, with a net equity of EGP 27.299 million, excluding the deals.