Egypt stock market ends 1.5% lower on Wednesday

Egypt’s bourse ended lower Wednesday driven by local and non-Arab foreign investors’ sell-off.

Main index pushed down 1.55 percent, to 7503.4 points.

Other indices; EGX50 EWI index closed down 0.80 percent, to 1400.25 points; EGX20 also fell 1.73 percent, to 7451.34 points.

Mid- and small-cap index EGX70 dropped 0.31 percent, to 367.93 points. Price index, EGX100 lost 0.48 percent to 777.67 points.

Market Caps

Market capitalisation has incurred losses worth 3.7 billion Egyptian pounds (around $416.8 million), to record 404.277 billion pounds during the closing session of Wednesday.

Turnovers less higher

The bourse’s trading volume hit 188.935 million securities, with turnovers, closing at 1.223 billion pounds, exchanged through 21,952 transactions.

Also during the closing session, 174 listed securities have been traded in 97 declined, 42 advanced; while 30 kept their previous levels.

Investors’ Activities

Local and non-Arab foreign investors were net sellers controlling 91.77 and 5.14 percent respectively of the total markets, with a net equity of 12.928 million pounds and 1.911 million pounds, respectively, excluding the deals.

On the contrary, Arab investors were net buyers capturing 3.09 percent of the total market, with a net equity of 14.839 million pounds, excluding the deals.