Egypt Stocks end Week with mild Losses

Egypt’s stocks turn this week in mixed notes but with losses worth 566 million Egyptian pounds (US$74 million) as local and Arab investors’ selloff remains.

The market capitalization has recorded 511.270 billion pounds during the closing session of Thursday.

Indices:

Egypt’s benchmark index, EGX30 edged down by 0.11 percent to close at 8886.84 points. EGX20 dropped by 0.14 percent to 9455.29 points.

On the contrary, the mid- and small-cap index EGX70 went up by 0.75 percent to 494.5 points. The price index, EGX100 also rebounded by 0.33 percent to 1008.42 points.

Turnovers end week Humble
On contrary, the bourse’s trading volume has hit 106.968 million securities, with turnovers closed at EGP 466.323 million, exchanged through 15.705 thousand transactions.

Also during the closing session, 172 listed securities have been traded in; 53 declined, 75 advanced; while 41 kept their previous levels.

Investors’ Activities

Local and Arab investors remained net sellers on Thursday seizing 66.62% and 6.11% respectively of the total markets, with a net equity of EGP 44.810 million and EGP 3.236 million, respectively, excluding the deals.

On the other hand, the non-Arab foreign investors were net buyers capturing 27.28% of the total market, with a net equity of EGP 48.046 million, excluding the deals.