Egypt Stocks turn this Week in Dark Red, Market Cap gains EGP1.6bn

Egypt’s stocks ended this week in red; while the market capitalisation gained 1.6 billion Egyptian pounds (US$209.8 million). The country’s benchmark index, EGX30 sank below 8895 points hurt by local investors’ profit-taking.

The market capitalization has reached 509.302 billion pounds on Thursday.

Indices:

The main stock index, EGX30 plunged by 2.28 percent to close at 8891.73 points. EGX20 pushed down by 2.17 percent to 9534.62 points.

In addition, the mid- and small-cap index EGX70 retreated by 1.80 percent to 505.86 points. The price index, EGX100 tumbled by 1.65 percent to 1025.7 points.

Turnovers below EGP1 billion
On Thursday, the bourse’s trading volume has hit 161.574 million securities, with turnovers closed at EGP 819.893 million, exchanged through 20.481 thousand transactions.

Also during the closing session, 179 listed securities have been traded in; 128 declined, 24 advanced; while 25 kept their previous levels.

Investors’ Activities

Local investors were net sellers on Thursday seizing 70.53% of the total market, with a net equity of EGP 145.344 million, excluding the deals.

On the other hand, the non-Arab foreign and Arab investors were net buyers capturing 18.9% and 10.57% respectively of the total markets, with a net equity of EGP 88.867 million and EGP 56.477 million, respectively, excluding the deals.