EGX saw a negative performance in February, EGX30 declining 6.54%

The Egyptian Exchange (EGX) has seen a negative performance during February on the back of the selling activity of Arab investors.

The benchmark index (EGX30) declined by 6.54% to close at 13,008 points, while EGX70 EWI lost 5.34% and ended the month at 1,209 points.

Meanwhile, the broader EGX100 fell by 6.02% to 1,311 points, while EGX50 went down by 8.45% to 1,935 points.

The market capitalization lost EGP 41.1 billion to reach EGP 667 billion by the end of February, compared to its level by the end of January at EGP 708.1 billion.

Traded volumes reached 4.1 billion shares during February with a value of EGP 39.2 billion through 391,350 transactions.

Egyptian investors accounted for 62.2% of February’s trade, while foreign and Arab investors accounted for 26.4% and 11.4%, respectively.