Egypt: Stocks 0.05% up, market cap losses $51.8mn

Egypt’s bourse fell slightly Tuesday with losses worth 406 million Egyptian pounds (US$51.8 million).

Market capitalisation has reached 385.922 billion pounds during the closing session of Tuesday.

Indices

Egypt’s benchmark index, EGX30 rose 0.05 percent to 5896.56 points.

EGX50 EWI index went up 0.66 percent to 1076.63 points.

EGX20 increased 0.25 percent to 5937.66 points.

On the other hand, the mid- and small-cap index EGX70 grew 0.97 percent to 355.41 points. The price index, EGX100 hiked by 0.67 percent 709.74 points.

Turnovers weak

On Tuesday, the bourse’s trading volume hit 221.838 million securities, with turnovers closed at 1.743 billion pounds, exchanged through 22,502 transactions.

Also during the closing session, 160 listed securities have been traded in; 35 declined, 70 advanced; while 47 kept their previous levels.

Investors’ Activities

Local and Arab investors were net buyers Tuesday seizing 90.79 percent and 3.34 percent respectively of the total markets, with a net equity of 33.850 million pounds and 29.722 million pounds, respectively, excluding the deals.

On the contrary, foreign investors were net sellers getting 5.87 percent of the total market, with a net equity of 63.572 million pounds, excluding the deals.