EGX 30 Retreats 0.39%, Ends Below 5040 Pts

The Egyptian Exchange (EGX) has ended Tuesday’s session incurring again losses of EGP 1.36 billion driven by the non-Arab foreigners’ selling pressures.

The capital market has reached to EGP 350.605 billion during Tuesday’s closing session.

The EGX indices closed in red notes, except for the EGX20 which solely rose.

Egypt’s benchmark index EGX30 tumbled by 0.39% to close at 5037.44 p; while EGX20 inched up by 0.57% to end at 5819.05 p.

Meanwhile, the mid- and small-cap index, the EGX70 fell by 0.23% to conclude at 437.43 p.  Price index EGX100 dipped by 0.19% to finish at 730.59 p.

During Tuesday’s closing, the trading volume hit 117.872 million securities, higher than Monday’s 100.507 million securities, representing an increase of 17.365 thousand securities. For the traded value, it reached EGP 250.037 million, exchanged 14.713 thousand transactions.

This was after trading in 167 listed securities; 63 declined, 67 advanced; while 37 keeping their previous levels.

the non-Arab foreigners’ selling pressures have driven EGX’s closing losses as they were net sellers seizing 28.15% of the total markets, with a net equity of EGP 22.473 million, excluding the deals.

Meanwhile, Egyptian and Arab investors were net buyers seizing 65.41% and 6.44% respectively, of the total markets, with a net equity of EGP 15.326 million and EGP 7.146 million excluding the deals.