By the beginning of this week, the Egyptian market has encountered losses of around EGP 5 billion during the midday session driven by the local and the non-Arab foreign selling pressures.
The Egyptian Exchange’s indices were wavering in dark red notes by the midday session of Sunday.
Benchmark EGX30 sank by 1.81% to 4969.44 p. EGX20 also pushed down by 1.68% to 5561.81 p.
On the other hand, the mid- and small-cap index, the EGX70 dived by 2.11% to 399.52 p. Price index EGX100 sagged by 1.91% to 686.81 p.
The capital market has amounted to EGP 337.526 billion, according to data compiled by Amwal Al Ghad English at 12:48 p.m. Cairo time (10:48 GMT) during the midday session of Sunday.
Trading Volumes & Values:
The trading volume has recorded 46.312 million securities worth EGP 134.556 million, exchanged through 7140 transactions during Sunday’s midday.
Also during the midday session, 142 listed securities have been traded in; 116 declined, 3 advanced; while 23 steadied.
The local and the non-Arab foreigners’ selling pressures have driven EGX’s midday losses as they were net sellers seizing 68.63% and 13.75% respectively, of the total markets, with a net equity of EGP 34.472 million and EGP 5.141 million, excluding the deals.
Meanwhile, Arabs were net buyers seizing 17.62% of the total markets, with a net equity of EGP 39.613 million excluding the deals.