Egypt’s stocks closed lower on Wednesday posting losses totalling 975 million Egyptian pounds driven by local and non-Arab investors’ profit-taking. Consequently, the main stock index, EGX30 ended in red below 8630 points.
Meanwhile, the EGX indices were wavering in red notes during the closing session of Wednesday.
Egypt’s benchmark index EGX30 ended 0.36 per cent lower to 8626.97 pts; while EGX20 finished 0.25 per cent down to 10369.09 pts.
In addition, the mid- and small-cap index, the EGX70 sagged by 0.52 per cent to end at 621.17 pts. The price index EGX100 plummeted by 0.48 per cent to conclude at 1083.84 pts.
Furthermore, the market capitalization recorded EGP 494.521 billion on Wednesday.
Turnovers below EGP1 Billion
Through the closing session of Wednesday, the trading volume has reached 262.633 million securities, with turnovers worth EGP 855.652 million, exchanged through 29.187 thousand transactions.
Also during the closing session, 182 listed securities have been traded in; 98 declined, 54 advanced; while 30 keeping their previous levels.
Egyptian and the non-Arab foreign investors were net sellers on Wednesday seizing 87.78% and 5.88% respectively of the total markets, with a net equity of EGP 18.061 million and EGP 13.845 million respectively, excluding the deals.
On the other hand, Arab investors were net buyers capturing 6.35% of the total market, with a net equity of EGP 31.906 million, excluding the deals.