Egypt’s stocks closed lower on Tuesday incurring losses totalling 4.8 billion Egyptian pounds driven by local investors’ selling pressures. The main stock index, EGX30 also dove below 8170 points.
The Egyptian Exchange’s indices were wavering in red notes during closing session of Tuesday.
Egypt’s benchmark index EGX30 ended 1.66 per cent lower to 8167.43 pts; while EGX20 finished 1.77 per cent down to 9875.58 pts.
On the other hand, the mid- and small-cap index, the EGX70 pushed down by 1.56 per cent to end at 583.3 pts. The price index EGX100 tumbled by 1.09 per cent to conclude at 1025.06 pts.
Furthermore, the market capitalization recorded EGP 476.521 billion on Tuesday.
Turnovers above EGP 1 billion
Through the closing session of Tuesday, the trading volume has reached 178.758 million securities, with turnovers worth EGP 1.887 billion, exchanged through 21.338 thousand transactions.
Also during the closing session, 185 listed securities have been traded in; 145 declined, 14 advanced; while 18 kept their previous levels.
Egyptian investors were net sellers seizing on Tuesday 75.22% of the total market, with a net equity of EGP 736.580 million, excluding the deals.
On the contrary, Arab and the non-Arab foreign investors were net buyers capturing 20.52% and 4.26% respectively of the total markets, with a net equity of EGP 711.817 million and EGP 24.762 million respectively, excluding the deals.