Egypt Shares End Lower on Foreign Sell-offs on Tuesday

Egyptian stocks have ended lower on Tuesday yet managed to trim its midday gains to EGP 782 million. Driven by the non-Arab foreign sell-offs, the benchmark index closed below 6245 points.

The Egyptian Exchange indices were wavering in red notes on Tuesday afternoon, except for the price index EGX100 which solely ended higher.

Egypt’s benchmark index EGX30 ended 0.07 per cent lower to 6243.88 pts, and EGX20 also finished 0.35 per cent down to 7275.26 pts.    
Meanwhile, the mid- and small-cap index, the EGX70 sagged by 0.07 per cent to conclude at 519.44 pts. The price index EGX100 rose by 0.21 per cent to close at 871.51 pts.  
The capital market has closed at EGP 405.215 billion on Tuesday afternoon.

Turnovers
Through the closing session of Tuesday, the trading volume has reached 80.003 million securities. For the traded value, it hit EGP 274.488 million, exchanged through 14.431 thousand transactions.         

Also during the closing session, 183 listed securities have been traded in; 120 declined, 38 advanced; while 25 keeping their previous levels.

Investors’ Activities

The non-Arab foreigners were net sellers seizing 18.38% of the total market, with a net equity of EGP 15.375 million, excluding the deals.

Meanwhile, Egyptians and Arabs were net buyers acquiring 75.3% and 6.32% respectively of the total markets, with a net equity of EGP 5.658 million and EGP 9.716 million respectively, excluding the deals.