Cairo Bourse incurs $664mn losses, indices in green

Egypt’s stock market edged lower Thursday with losses worth 5.2 billion Egyptian pounds (US$ 664.2million) on foreign selling pressures.

The market capitalisation has reached 452.520 billion pounds during the closing session of Thursday.

Indices

Egypt’s benchmark index, EGX30 rose by 1.86 percent to 7491.67 points.

The newly-launched EGX50 EWI index went up by 2.18 percent to 1241.37 points.

EGX20 jumped by 2.26 percent to 7098.92 points.

In addition, the mid- and small-cap index EGX70 increased by 1.76 percent to 398.49 points. The price index, EGX100 edged higher by 1.22 percent to 852.42 points.

Turnovers low

On Thursday, the bourse’s trading volume has hit 326.325 million securities, with turnovers closed at EGP 1.555 billion, exchanged through 24,837 thousand transactions.

Also during the closing session, 172 listed securities have been traded in; 13 declined, 128 advanced; while 23 kept their previous levels.

Investors’ Activities

Local and Arab investors were net buyers on Thursday acquiring 87.67% and 5.15% respectively of the total markets, with a net equity of EGP 18.898 million and EGP 19.206 million, respectively, excluding the deals.

On the contrary, foreign investors were net sellers getting 7.18% of the total market, with a net equity of EGP 38.105 million, excluding the deals.