Egypt Shares End Lower, Lose EGP4.8 bln on Tuesday

Egypt stocks have ended in dark red on Tuesday for the third day in a row encountering losses totaled EGP 4.8 billion battered by non-Arab foreign selling pressures. The benchmark index further sank by 1.7% to close below 6250 points.

The Egyptian Exchange indices remained on the red notes Tuesday afternoon.

Egypt’s benchmark index EGX30 ended 1.75 per cent lower to 6245.46 pts, and the EGX20 also finished 1.22 per cent down to 7300.36 pts.   
Meanwhile, the mid- and small-cap index, the EGX70 inched down by 0.76 per cent to conclude at 523.44 pts. The price index EGX100 fell by 0.78 per cent to close at 875.01 pts.  
The capital market has closed at EGP 405.510 billion on Tuesday.

Turnovers 
Through the closing session of Tuesday, the trading volume has reached 111.218 million securities. For the traded value, it hit EGP 485.765 million, exchanged through 23.213 thousand transactions.       

Also during the closing session, 184 listed securities have been traded in; 115 declined, 45 advanced; while 24 keeping their previous levels.

Investors’ Activity

The non-Arab foreigners were net sellers triggering EGX’s closing losses for they seized 23.28% of the total market, with a net equity of EGP 97.932 million, excluding the deals.

On the other hand, Egyptians and Arabs were net buyers acquiring 71.38% and 5.34% respectively, of the total market, with net equities of EGP 95.452 million and EGP 2.479 million, excluding the deals.