Egypt Stocks Lose EGP6bn on Tuesday

Egypt’s stocks closed lower on Tuesday with losses amounting to 6 billion Egyptian pounds driven by foreign investors’ selling pressures. Consequently, the country’s main stock index, EGX30 pushed down below 9190 points.

The Egyptian Exchange’s indices were wavering in red notes during the closing session of Tuesday.

Indices

Egypt’s benchmark index EGX30 ended 0.51 per cent lower to 9187 pts; while EGX20 closed 1.03 per cent down to 10628.69 pts.

In addition, the mid- and small-cap index, the EGX70 plummeted by 1.61 per cent to finish at 628.38 pts. The price index EGX100 sagged by 1.10 per cent to conclude at 1134.04 pts.  
Furthermore, the market capitalization recorded EGP 513.593 billion on Tuesday.

Turnovers below EGP One billion
Through the closing session of Tuesday, the trading volume has reached 175.414 million securities, with turnovers worth EGP 791.239 thousand, exchanged through 25.378 transactions.                 
Also during the closing session, 196 listed securities have been traded in; 140 declined, 34 advanced; while 18 kept their previous levels.

Investors’ Activities

Arab and non-Arab foreign investors were net sellers on Tuesday seizing 4.3% and 15.5% respectively of the total markets, with a net equity of EGP 6.567 million and EGP 96.135 million, respectively, excluding the deals.

On the other hand, local investors were net buyers capturing 80.21% of the total market, with a net equity of EGP 102.702 million, excluding the deals.