Egypt’s stocks ended trading on Tuesday with massive losses totalling 9.5 billion Egyptian pounds hurt by local and Arab investors’ sell-offs. Consequently, the country’s main stock index, EGX30 dived below 8880 points.
The Egyptian Exchange’s indices continued wavering in dark red notes during the closing session of Tuesday.
Egypt’s benchmark index EGX30 ended 2.60 per cent lower to 8878.19 pts; and EGX20 finished 2.74 per cent down to 10253.26 pts.
In addition, the mid- and small-cap index, the EGX70 sank by 2.63 per cent to finish at 597.73 pts. The price index EGX100 also plummeted by 2.57 per cent to conclude at 1093.24 pts.
Furthermore, the market capitalization recorded EGP 499.065 billion on Tuesday.
Turnovers above EGP One billion
Through the closing session of Tuesday, the trading volume has reached 223.261 million securities, with turnovers worth EGP 1.073 billion, exchanged through 34.367 transactions.
Also during the closing session, 188 listed securities have been traded in; 151 declined, 19 advanced; while 15 kept their previous levels.
Local and Arab investors remained net sellers on Tuesday seizing 77.01% and 5.93% respectively of the total markets, with a net equity of 60.130 million and EGP 5.258 million, respectively, excluding the deals.
On the other hand, the non-Arab foreign were net buyers capturing 17.06% of the total market, with a net equity of EGP 65.389 million, excluding the deals.