Egypt Stocks end this Week in Red Notes with EGP2.5bn Losses

Egypt’s stock market edged lower Thursday with losses worth 2.48 billion Egyptian pounds (US$325.1million) on foreign selling pressures.

The market capitalization has recorded 501.110 billion pounds during the closing session of Thursday.

Indices

Egypt’s benchmark index, EGX30 dropped by 0.61 percent to 8912.05 points.

EGX20 went down by 1.23 percent to 9431.54 points.

In addition, the mid- and small-cap index EGX70 shrunk by 1.19 percent to 478.14 points. The price index, EGX100 sagged by  0.83 percent to 1000.95 points.

Turnovers low

On Thursday, the bourse’s trading volume has recorded 176.495 million securities, with turnovers closed at EGP 920.025 million, exchanged through 25.731 thousand transactions.

Also during the closing session, 176 listed securities have been traded in; 127 declined, 24 advanced; while 22 kept their previous levels.

Investors’ Activities

Arab and Non-Arab investors were net sellers on Thursday getting 4.61% and 23.15% respectively of the total markets, with a net equity of EGP 6.520 million and EGP 16.062 million, respectively, excluding the deals.

On the contrary, the Egyptian investors were net buyers seizing 72.24% of the total market, with a net equity of EGP 22.582 million, excluding the deals.