Egypt Stocks ends in red notes with US$31mn losses

Egypt’s stock market edged lower Tuesday with losses worth 244 million Egyptian pounds (US$31 million) on Egyptian and Non-Arab selling pressures.

The market capitalisation has recorded 444.742 billion pounds during the closing session of Tuesday.

Indices

Egypt’s benchmark index, EGX30 increased by 0.24 percent to 7175.59 points.

The newly-launched EGX50 EWI index went down by 0.03 percent to 1199.47 points.

EGX20 rose by 0.19 percent to 6836.88 points.

In addition, the mid- and small-cap index EGX70 declined by 0.07 percent to 388.23 points. The price index, EGX100 boosted by 0.03 percent to 833.82 points.

Turnovers low

On Tuesday, the bourse’s trading volume has hit 135.135 million securities, with turnovers closed at EGP 1.160 billion, exchanged through 15,673 thousand transactions.

Also during the closing session, 161 listed securities have been traded in; 61 declined, 54 advanced; while 46 kept their previous levels.

Investors’ Activities

Local and Arab investors were net sellers on Tuesday seizing  92.32 % and 3.74 % respectively of the total markets, with a net equity of EGP 13.951 million and EGP 4.159 million, respectively, excluding the deals.

On the contrary, the non-Arab foreign investors were net buyers getting 3.93 % of the total market, with a net equity of EGP 18.110 million, excluding the deals.