Egypt Shares Continue Losing Streak, End Week Lower

Egyptian stocks ended lower for the fifth session in a row incurring losses totaled EGP 317 million driven by local and non-Arab foreign sell-offs. The benchmark index closed 0.4% down on Thursday.

The Egyptian Exchange indices were wavering on red notes on Thursday afternoon.

Egypt’s benchmark index EGX30 ended 0.40 per cent higher to 6227.92 pts, and the EGX20 also finished 0.42 per cent down to 7250.49 pts.   
Meanwhile, the mid- and small-cap index, the EGX70 dropped by 0.17 per cent to conclude at 530.75 pts. The price index EGX100 dipped by 0.02 per cent to close at 882.11 pts. 
The capital market has closed at EGP 406.822 billion on Thursday.

Turnovers 
Through the closing session of Thursday, the trading volume has reached 162.592 million securities. For the traded value, it hit EGP 415.171 million, exchanged through 24.118 thousand transactions.       

Also during the closing session, 186 listed securities have been traded in; 100 declined, 72 advanced; while 14 keeping their previous levels.

Investors’ Activity

Egyptians and the non-Arab foreigners were net sellers triggering EGX’s closing losses for they seized 82.26% and 9.8% respectively, of the total market, with net equities of EGP 13.869 million and EGP 1.721 million, excluding the deals.

On the other hand, Arabs were net buyers acquiring 7.94% of the total market, with a net equity of EGP 15.591 million, excluding the deals.