Egypt stocks fell 0.6% on Wednesday

Egyptian stocks fell on Wednesday driven by non-Arab foreign investors’ selling pressures. Main index, EGX30 were down by 0.57 percent, to 8185.95 points.

Other indices; EGX50 EWI index added 0.20 percent, to 1305 points; EGX20 rose 0.18 percent, to 8089.71 points.

Mid- and small-cap index EGX70 increased 0.03 percent, to 343.09 points. Price index, EGX100 dipped 0.05 percent, to 790.71 points.

Market Cap

Market capitalisation incurred losses worth 774 million Egyptian pounds ($87.2 million), to record 409.451 billion pounds during the closing session of Wednesday.

Turnovers remain modest

The bourse’s trading volume reached 142.873 million securities, with turnovers, closing at 1.149 billion pounds, exchanged through 17,515 transactions.

Also during the closing session, 171 listed securities have been traded in, 68 declined, 54 advanced; while 45 kept their previous levels.

Investors’ Activities

Non-Arab foreign investors were net sellers capturing 18.88 percent of the total market, with a net equity of 54.724 million pounds, excluding the deals.

On the contrary, local and Arab investors were net buyers controlling 77.55 and 3.58 percent respectively of the total markets, with a net equity of 31.919 million pounds and 22.805 million pounds, respectively, excluding the deals.