Egyptian Bourse End with Humble Gains, Yet Stocks in Red

Egypt’s bourse closed Tuesday with humble gains worth 146 million Egyptian pounds. However, the country’s main stock index, EGX30 dropped below 9360 points driven by local investors’ sell-offs.

In addition, the Egyptian Exchange’s indices were wavering in red notes during closing session of Tuesday.

Indices

Egypt’s benchmark index EGX30 ended 0.47 per cent lower to 9359.18 pts; while EGX20 finished 0.41 per cent down to 11262.3 pts.     
In addition, the mid- and small-cap index, the EGX70 dipped by 0.09 per cent to finish at 657.19 pts. The price index EGX100 dropped by 0.24 per cent to conclude at 1165.68 pts.  
Furthermore, the market capitalization recorded EGP 521.627 billion on Tuesday.

Turnovers above EGP One billion
Through the closing session of Tuesday, the trading volume has reached 161.105 million securities, with turnovers worth EGP 1.019 billion, exchanged through 27.755 transactions.               
Also during the closing session, 178 listed securities have been traded in; 85 declined, 66 advanced; while 24 kept their previous levels.

Investors’ Activities

Local investors remained net sellers on Tuesday seizing 90.34% of the total market, with a net equity of EGP 25.554 million, excluding the deals.

On the other hand, the non-Arab foreign and Arab investors were net buyers capturing 6.45% and 3.21% respectively of the total markets, with a net equity of EGP 1.081 million and EGP 24.472 million respectively, excluding the deals.