Egypt Shares End Week Lower, Snap 4-day Winning Streak

Egypt stocks have ended the week lower, halting a 4-day winning streak incurring losses totaled EGP 2.28 billion on Thursday. The benchmark index finished the week below 6460 points driven by foreign selling pressures.

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

Egypt’s benchmark index EGX30 ended 0.62 per cent higher to 6457.01 pts, and the EGX20 also finished 0.58 per cent up to 7537.62 pts.   
Meanwhile, the mid- and small-cap index, the EGX70 went down by 0.21 per cent to conclude at 536.15 pts. The price index EGX100 decreased by 0.21 per cent to close at 896.24 pts.  
The capital market has closed at EGP 414.911 billion on Thursday.

Less Turnovers 
Through the closing session of Thursday, the trading volume has reached 179.143 million securities. For the traded value, it hit EGP 581.188 million, exchanged through 26.993 thousand transactions.       

Also during the closing session, 186 listed securities have been traded in; 122 declined, 49 advanced; while 15 keeping their previous levels.

Investors’ Activity

The non-Arab foreigners and Arabs were net sellers triggering EGX’s closing losses for they seized 8.78% and 7.69% respectively, of the total market, with net equities of EGP 19.971 million and EGP 6.878 million, excluding the deals.

On the other hand, Egyptians were net buyers acquiring 83.54% of the total market, with a net equity of EGP 26.849 million, excluding the deals.