Egyptian Shares Lose EGP4.8 bln at Midday, EGX30 Solely Up

Egyptian stock market  incurred losses of 4.8 billion pounds during midday session of Thursday driven by local and non-Arab foreign sell-offs. However, the country’s main stock index – EGX30 rallied to cross 8125 points at midday trading.

The Egyptian Exchange indices were wavering in mixed notes during the midday session of Thursday.

The Benchmark EGX30 increased by 0.38% to 8127.72 p; EGX20 also went up by 0.25% to 9805.79 p.

Meanwhile, the mid- and small-cap index, the EGX70 pushed down by 1.65% to 649.19 p.  Price index EGX100 dropped by 1.15% to 1112.77 p.

Furthermore, market capitalization reached EGP 489.674 billion, according to data compiled by Amwal Al Ghad English at 12:26 p.m. Cairo time (10:26 GMT).

Trading Volumes & Values

The trading volume has recorded 242.182 million securities worth EGP 595.115 million, exchanged through 17.679 transactions during Thursday midday.

Also during the midday session, 152 listed securities have been traded in; 50 fell, 68 advanced; while 34 keeping their previous levels.

Investors’ Activities

Egyptian and the non-Arab foreign investors were net sellers seizing 84.05% and 8.84% respectively of the total markets, with a net equity of EGP 11.518 million and EGP 1.327 million respectively, excluding the deals.

On the other hand, Arabs were net buyers capturing 7.12% of the total market, with a net equity of EGP 12.845 million, excluding the deals.

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