Egypt’s stocks continued its downturn performance, closing lower on Wednesday but with mild losses worth 149 million Egyptian pounds amid non-Arab foreign investors’ sell-offs. Yet, the country’s main stock grew higher above 8890 points.
The Egyptian Exchange’s indices continued wavering mostly in green notes during the closing session of Wednesday, except for the price index EGX100, which solely fell.
Egypt’s benchmark index EGX30 ended 0.18 per cent higher to 8893.97 pts; and EGX20 finished 0.15 per cent up to 10268.67 pts.
In addition, the mid- and small-cap index, the EGX70 rose by 0.40 per cent to finish at 600.14 pts. The price index EGX100 dipped by 0.09 per cent to conclude at 1092.2 pts.
Furthermore, the market capitalization recorded EGP 498.916 billion on Wednesday.
Turnovers Fell below EGP One billion
Through the closing session of Wednesday, the trading volume has reached 127.174 million securities, with turnovers worth EGP 502.943 million, exchanged through 25.129 transactions.
Also during the closing session, 183 listed securities have been traded in; 78 declined, 77 advanced; while 26 kept their previous levels.
The non-Arab foreign were net sellers on Wednesday seizing 14.01% of the total market, with a net equity of EGP 14.061 million, excluding the deals.
On the other hand, local and Arab investors were net buyers capturing 77.56% and 8.43% respectively of the total markets, with a net equity of 4.767 million and EGP 9.294 million, respectively, excluding the deals.