Egypt’s bourse offsets early gains to end lower on Wednesday incurring losses worth 671 million Egyptian pounds driven by local and Arab investors’ selling pressures.
Yet, the country’s main stock index, EGX30 closed in green above 9625 points.
The Egyptian Exchange’s indices were wavering in mixed notes during the closing session of Wednesday.
Egypt’s benchmark index EGX30 ended 0.04 per cent higher to 9627.6 pts; while EGX20 finished 0.07 per cent down to 11545.79 pts.
In addition, the mid- and small-cap index, the EGX70 inched up by 0.93 per cent to finish at 663.62 pts. The price index EGX100 went down by 0.65 per cent to conclude at 1181.45 pts.
Furthermore, the market capitalization recorded EGP 528.123 billion on Wednesday.
Turnovers below EGP One billion
Through the closing session of Wednesday, the trading volume has reached 196.054 million securities, with turnovers worth EGP 822.801 million, exchanged through 28.817 transactions.
Also during the closing session, 181 listed securities have been traded in; 112 declined, 51 advanced; while 18 kept their previous levels.
Local and Arab investors were net sellers on Wednesday seizing 73.58% and 7.43% respectively of the total markets, with a net equity of EGP 27.345 million and EGP 527.908 thousand, respectively, excluding the deals.
On the other hand, the non-Arab foreign investors were net buyers acquiring 19% of the total market, with a net equity of EGP 27.873 million, excluding the deals.