Egypt Shares Halt 6-day Rally, Lose EGP2.8 bln at Close

Egyptian shares have halted their six-session rally to end lower on Wednesday incurring losses totaled EGP 2.8 billion driven by profit-taking transactions. The main gauge closed lower at 6165 points.

The Egyptian Exchange indices were wavering in red notes Wednesday afternoon.

Egypt’s benchmark index EGX30 ended 0.57 per cent lower to 6165.96 pts, and the EGX20 also finished 0.56 per cent up to 7269.52 pts.   
Meanwhile, the mid- and small-cap index, the EGX70 fell by 0.14 per cent to conclude at 515.55 pts. The price index EGX100 dipped by 0.17 per cent to close at 868.36 pts. 
The capital market has closed at EGP 398.963 billion on Wednesday.

Through the closing session of Wednesday, the trading volume has 148.844 million securities. For the traded value, it hit EGP 567.647 million, exchanged through 28.022 thousand transactions.    

Also during the closing session, 182 listed securities have been traded in; 117 declined, 48 advanced; while 17 keeping their previous levels.

Investors’ Activity
Arabs and the non-Arab foreigners were net sellers as they acquired 6.43% and 6.61% respectively, of the total market, with net equities of EGP 7.888 million and EGP 1.449 million, excluding the deals.

On the other hand, local investors were net buyers seizing 86.96% of the total market, with a net equity of EGP 9.338 million, excluding the deals.