Egypt Stocks end this Week in Red amid foreign Selloffs

Egypt’s stock market shares closed in red negative notes on Thursday amid non-Arab foreign investors’ deep sell-offs. Yet, the market capitalisation gained humble gains worth 256 million Egyptian pounds (US$33.5 million).

Indices:

The EGX30 pushed down by 1.43 percent to close at 9334.01 points. EGX20 sagged by 1.47 percent to 10203.91 points.

In addition, the mid- and small-cap index EGX70 dropped by 0.88% to 558 points. The price index, EGX100 inched down by 0.86% to 1114.42 points.

Turnovers slump
Throughout the closing session of Thursday, the trading volume has reached 121.358 million securities, with turnovers climbed to EGP 573.125 million, exchanged through 21.278 thousand transactions.

Also during the closing session, 181 listed securities have been traded in; 112 declined, 35 advanced; while 30 kept their previous levels.

Furthermore, the market capitalization recorded EGP 511.156 billion on Thursday.

Investors’ Activities

The non-Arab foreign investors were net sellers on Thursday seizing 27.89% of the total market, with a net equity of EGP 10.162 million, excluding the deals.

On the other hand, local and Arab investors were net buyers capturing 68.24% and 3.87% respectively of the total markets, with a net equity of EGP 957.523 thousand and EGP 9.204 million, respectively, excluding the deals.