Egypt Stocks Lose EGP761 mln, EGX 70 Solely Up – Opening

Egypt’s stock market has opened Wednesday’s session lower incurring losses of EGP 761 million driven by early non-Arab foreign selling pressures. The benchmark also retreated to 5311 pts.

The Egyptian Exchange’s indices were trading in red notes on early Wednesday, except for the mid- and small-cap index, the EGX70 which solely rose.

Benchmark EGX30 fell by 0.29% to 5311.23 p; while EGX20 dropped by 0.65% to 6183.1 p.

On the other hand, the mid- and small-cap index, the EGX70 rose by 0.03% to 429.43 p.  Price index EGX100 dipped by 0.08% to 731.49 p.

The capital market has reached EGP 356.336 billion during the opening session of Wednesday, according to data compiled by Amwal Al Ghad English at 11:13 a.m. Cairo time (09:13 GMT).

Trading Volumes & Values

The trading volume has recorded 10.188 million securities worth EGP 21.676 million, exchanged through 1.037 thousand transactions during Wednesday opening.

Investors’ Activities

The non-Arab foreigners were net sellers seizing 32.94% of the total markets, with a net equity of EGP 421.560 thousand excluding the deals.

Meanwhile, the local and Arab investors were net buyers seizing 66.06% and 1.01% respectively, of the total markets, with a net equity of EGP 348.707 thousand and EGP 72.854 thousand, excluding the deals.