Egypt stocks end week 1.2% lower

Egypt’s bourse closed Thursday trade lower, driven by local and Arab investors’ selloffs. The country’s main stock index pulled back 1.15 percent, to 7773.23 points.

EGX50 EWI index lost 1.02 percent, to 1444.31 points; EGX20 also fell 1.78 percent, to 7874.98 points.

Mid- and small-cap index EGX70 rose 0.45 percent, to 374.32 points. Price index, EGX100 went up 0.11 percent to 789.99 points.

Market Caps

Market capitalisation has recorded losses worth 1.4 billion Egyptian pounds (around $157.7 million), to record 413.347 billion pounds during the closing session of Thursday.

Turnovers

On Thursday, the bourse’s trading volume hit 155.294 million securities, with turnovers closed at 684.187 million pounds, exchanged through 19,453 transactions.

Also during the closing session, 173 listed securities have been traded in 88 declined, 52 advanced; while 30 kept their previous levels.

Investors’ Activities

Local and Arab investors were net sellers controlling 68.49 and 7.38 percent respectively of the total markets, with a net equity of 106.317 million pounds and 29.212 million pounds, respectively, excluding the deals.

On the contrary, non-Arab foreign investors were net buyers capturing 24.13 percent of the total market, with a net equity of 135.530 million pounds, excluding the deals.