Egypt’s stocks ended lower on Tuesday incurring losses worth 541 billion Egyptian pounds driven by local investors’ sell offs. Consequently, the main stock index, EGX30 retreated below 7965 points.
Meanwhile, the EGX indices were wavering in red notes during the closing session of Tuesday, except for the mid- and small-cap index, EGX70.
Egypt’s benchmark index EGX30 ended 0.65 per cent lower to 7963.37 pts; while EGX20 finished 0.35 per cent down to 9559.84 pts.
In addition, the mid- and small-cap index, the EGX70 rose by 0.27 per cent to end at 565.03 pts. The price index EGX100 fell by 0.10 per cent to conclude at 989.95 pts.
Furthermore, the market capitalization recorded EGP 464.114 billion on Tuesday.
Turnovers below EGP1 Billion
Through the closing session of Tuesday, the trading volume has reached 208.469 million securities, with turnovers worth EGP 894.181 million, exchanged through 24.180 thousand transactions.
Also during the closing session, 178 listed securities have been traded in; 71 declined, 83 advanced; while 22 kept their previous levels.
Egyptian investors were net sellers on Tuesday seizing 77.93% of the total market, with a net equity of EGP 14.790 million, excluding the deals.
On the other hand, the non-Arab foreign investors and Arab investors were net buyers capturing 16.75% and 5.31% respectively of the total markets, with a net equity of EGP 3.943 million and EGP 10.846 million respectively, excluding the deals.