Cairo stocks end Wednesday with $126m losses ahead of Holidays

Egyptian stock markets concluded Wednesday trading with losses estimated at 994 million Egyptian pounds (US$126 million) despite local buying appetite.

The market capitalisation recorded 428.987 billion pounds during the closing session of Wednesday.

Indices

Egypt’s benchmark index, EGX30 declined 1.41 percent to 6922.71 points.

The EGX50 EWI index went down 0.38 percent to 1194.85 points.

EGX20 sagged 1.15 percent to 6921.41 points.

In addition, the mid- and small-cap index EGX70 increased 0.45 percent to 384.8 points. The price index, EGX100 dropped 0.33 percent to 787.98 points.

Turnovers up

On Wednesday, the bourse’s trading volume hit 173.399 million securities, with turnovers closed at 425.472 million pounds, exchanged through 20,418 thousand transactions.

Also during the closing session, 163 listed securities have been traded in; 76 declined, 53 advanced; while 34 kept their previous levels.

Investors’ Activities

Arab and non-Arab investors were net sellers on Wednesday getting 2.79 percent and 18.65 percent respectively of the total markets, with a net equity of 3.069 million pounds and 34.215 million pounds, respectively, excluding the deals.

On the contrary, local investors were net buyers seizing 78.55 percent of the total market, with a net equity of 37.285 million pounds, excluding the deals.