Cairo stocks end this week 0.30% lower

Stock market finished this week’s trading lower with losses worth 1.5 billion Egyptian pounds driven by local investors’ selloff Thursday.

The market capitalisation has reached 447.228 billion pounds during the closing session of Thursday.


Egypt’s benchmark index, EGX30 edged lower 0.30 percent to 7310.71 points.

The newly-launched EGX50 EWI index dropped 0.40 percent to 1210.17 points.

EGX20 also moved lower 0.20 percent to 6932.93 points.

In addition, the mid- and small-cap index EGX70 went down 0.20 percent to 387.65 points. The price index, EGX100 fell 0.64 percent to 839.19 points.

Modest Turnovers

On Thursday, the bourse’s trading volume has recorded 112.040 million securities, with turnovers closed at 841.569 million pounds, exchanged through 12,484 thousand transactions.

Also during the closing session, 162 listed securities have been traded in; 57 declined, 45 advanced; while 54 kept their previous levels.

Investors’ Activities

Local investors were net sellers Thursday seizing 91.54 percent of the total market, with a net equity of 27.459 million pounds, excluding the deals.

On the contrary, non-Arab foreign and Arab investors were net buyers capturing 5.67 and 2.8 percents respectively of the total markets, with a net equity of 3.722 million and 23.737 million pounds, respectively, excluding the deals.

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