EGX Loses EGP 2 Bln, Main Index Falls 0.98%; Midday

During Thursday midday session, the Egyptian Exchange (EGX) has posted losses of around EGP 2 billion as the capital market has amounted to EGP 336.029 billion, according to data compiled by Amwal Al Ghad at 12.32 p.m. Cairo time (10:32 GMT).

The EGX indices were red during the midday trading.

The main index, EGX30 fell by 0.98% to 4768.19 p. EGX20 dropped by 0.82% to 5497.93 p.

Meanwhile, the mid- and small-cap index, the EGX70 went down by 0.01% to 425.56 p.  Price index EGX100 dipped by 0.32% to 707.8 p.

This was after trading in 145 listed securities; 72 declined, 39 advanced; while 34 keeping their previous levels.

EGX’s losses were driven by local as well as non-Arab foreigners’ selling pressures as they were net buyers seizing 65.95% and 21.34% respectively, of the total markets, with a net equity of EGP 10.880 million and EGP 5.340 million excluding the deals.

Meanwhile, Arabs were net buyers seizing 12.71% of the total markets, with a net equity of EGP 16.221 million excluding the deals.

Traded volume reached 41.318 million securities worth EGP 154.563 million, exchanged 7.676 thousand transactions.