EGX Loses EGP 1.06 Bln On Foreign Selling Pressures

Big 5

On Thursday’s session, the EGX posted losses of EGP 1.06 billion as the capital market has reached EGP 354.960 billion at 10:50 GMT (12:50 in Cairo).

The main index, EGX30 fell 0.37% to reach 5012.82 p. EGX20 inched down 0.22 % to hit 5858.72 p.

Meanwhile, the mid- and small-cap index, the EGX70 edged down 0.21% to hit 432.96 p. Price index EGX100 dropped 0.37% to reach 785.13 p.

Traded volume reached 27.741 million securities worth EGP 11.795 million, exchanged through 6.821 thousand transactions.

This was after trading in 148 listed securities; 80 declined and 40 advanced while 28 keeping their previous levels.

Egyptians and Arabs were net buyers seizing 70.62% and 8.31% respectively, of the total markets, with a net equity of EGP 9.249 million and EGP 3.464 million, excluding the deals.

On the other hand, non-Arab Foreigners were net sellers seizing 21.08%,  with a net equity of EGP 12.714 million, excluding the deals.