Egypt Stocks End this Week with EGP1.9bn Losses

Driven by local and Arab profit-takers, Egypt’s stocks closed this week lower encountering losses totalling 1.9 billion Egyptian pounds. The country’s main stock index, EGX30 pushed lower below 9375 points on Thursday.

Meanwhile, the Egyptian Exchange’s indices were wavering in red notes during closing session of Thursday.

Indices

Egypt’s benchmark index EGX30 ended 0.68 per cent lower to 9373.27 pts; while EGX20 finished 0.75 per cent down to 11257.44 pts.     
In addition, the mid- and small-cap index, the EGX70 tumbled by 1.03 per cent to finish at 652.32 pts. The price index EGX100 inched down by 1.01 per cent to conclude at 1165.48 pts.  
Furthermore, the market capitalization recorded EGP 519.790 billion on Thursday.

Turnovers below EGP One billion
Through the closing session of Thursday, the trading volume has reached 152.163 million securities, with turnovers worth EGP 745.434 million, exchanged through 29.861 transactions.               
Also during the closing session, 181 listed securities have been traded in; 122 declined, 45 advanced; while 13 kept their previous levels.

Investors’ Activities

Local and Arab investors were net sellers on Thursday seizing 81.62% and 5.45% respectively of the total markets, with a net equity of EGP 56.913 million and EGP 35.089 million respectively, excluding the deals.

On the other hand, the non-Arab foreign investors were net buyers capturing 12.93% of the total market, with a net equity of EGP 92.003 million, excluding the deals.