Egypt Bourse Benchmark Ends This Week Below 5430 Pts

Driven by foreign selling pressures, Egypt bourse has ended this week incurring losses of EGP 847 million.

The EGX indices ended on red notes during the closing session of Thursday.

Egypt’s benchmark index EGX30 dropped by 0.51% to close at 5427.97 p; while the EGX20, it edged lower by 0.28% to end at 6250.48 p.

Meanwhile, the mid- and small-cap index, the EGX70 fell by 0.41% to conclude at 451.75 p.  Price index EGX100 dipped by 0.34% to finish 760.72 p.

The capital market has closed at EGP 364.841  billion on Thursday.

During Thursday’s closing, the trading volume hit 60.625 million securities, less than Wednesday’s session of  95.610 million securities, representing a decrease of 34.985 thousand securities. For the traded value, it reached EGP 325.124 million, exchanged through 16.016 thousand transactions.

During the closing session of Thursday, 169 listed securities have been traded in; 97 declined, 41 advanced; while 31 keeping their previous levels.

The non-Arab foreigners’ selling pressures have driven EGX’s losses as they were net sellers seizing 13.54% of the total markets, with a net equity of EGP 21.818 million, excluding the deals.

Meanwhile, Egyptians and Arabs were net buyers seizing 80.75% and 5.71% respectively, of the total markets, with a net equity of EGP 19.323 million and EGP 2.495 million excluding the deals.