Egypt’s stocks ended lower on Tuesday with losses totalling 4.4 billion Egyptian pounds hurt by local and non-Arab foreign investors’ profit-taking. In addition, the country’s main stock index, EGX30 plummeted further to 9600 points.
However, the Egyptian Exchange’s indices were wavering in red notes during the closing session of Tuesday.
Egypt’s benchmark index EGX30 ended 1.06 per cent lower to 9600.12 pts; while EGX20 finished 1.59 per cent down to 11470.61 pts.
In addition, the mid- and small-cap index, the EGX70 sank by 1.85 per cent to finish at 639.42 pts. The price index EGX100 sagged by 1.40 per cent to conclude at 1155.02 pts.
Furthermore, the market capitalization recorded EGP 523.851 billion on Tuesday.
Turnovers Cross EGP One billion
Through the closing session of Tuesday, the trading volume has reached 208.098 million securities, with turnovers worth EGP 1.139 billion, exchanged through 28.154 transactions.
Also during the closing session, 184 listed securities have been traded in; 132 declined, 29 advanced; while 18 kept their previous levels.
Local and the non-Arab foreign investors were net sellers on Tuesday seizing 71.59% and 17.86% respectively of the total markets, with a net equity of EGP 40.637 million and EGP 74.628 million, respectively, excluding the deals.
On the other hand, Arab investors were net buyers acquiring 10.55% of the total market, with a net equity of EGP 115.265 million, excluding the deals.