EGX indices decline 4.3 % during October

The Egyptian Exchange (EGX) declined during the month of October on the back of selling pressures by foreign investors.

The benchmark index EGX30 lost 4.31 percent in October, to finish the month at 10,515 points, while the EGX70 EWI declined by 6.62 percent to close at 1,870 points.

The broader EGX100 EWI retreated by 5.27 percent to settle at 2,743 points, while EGX50 plunged by 3.37 percent and ended the month at 1,990 points.

Market capitalization lost 13.3 billion Egyptian pounds as it ended October at 605.4 billion pounds, compared with 618.7 billion pounds by the end of September.

Traded volumes amounted to 7 billion securities with a total turnover of 47.9 billion pounds with the number of transactions reaching 793,000.

Egyptian investors dominated 82.6 percent of the monthly trade, followed by foreign and Arab investors with 10.5 percent and 6.9 percent, respectively.

Foreign investors were net sellers at  2 billion pounds, while Arab investors registered net purchases of 371.4 million pounds.