Egypt Stocks in Dark Red at Midday, EGX30 Falls 2.3%

Egypt’s stocks were in dark red encountering losses worth 8.4 billion Egyptian pounds during midday trade on Thursday hurt by local investors’ selling pressures. The country’s main stock index, EGX30 was below 8690 points.

Meanwhile, the Egyptian Exchange’s indices were wavering on dark red notes during the midday session of Thursday.

Indices

The Benchmark EGX30 plummeted by 2.34% to 8685.66 p, and EGX20 sank by 3.15% to 9945.36 p.

In addition, the mid- and small-cap index, the EGX70 dived by 3.23% to 580.78 p. Also, the Price index EGX100 pushed down by 2.67% to 1063.09 p.

Furthermore, market capitalization reached EGP 490.541 billion, according to data compiled by Amwal Al Ghad English at 13:03 p.m. Cairo time (11:03 GMT).

Trading Volumes & Values

The trading volume has recorded 131.382 million securities worth EGP 721.375 million, exchanged through 19.650 transactions during Thursday midday.

Also during the midday session, 182 listed securities have been traded in; 143 fell, 11 advanced; while 25 keeping their previous levels.

Investors’ Activities

Local investors were net sellers at midday trade seizing 83.51% of the total market, with a net equity of EGP 23.528 million, excluding the deals.

On the other hand, Arab and the non-Arab foreign investors were net buyers capturing 5.79% and 10.7% respectively of the total markets, with a net equity of EGP 16.602 million and EGP 6.925 million, excluding the deals.