Egypt’s shares end this week lower, with losses totalling 5.5 billion Egyptian pounds driven by non-Arab foreign investors’ sell-offs. Consequently, the main stock index, EGX30 further plunged below 8215 points on Thursday.
Meanwhile, the EGX indices were wavering in red notes during the closing session of Thursday.
Egypt’s benchmark index EGX30 ended 1.46 per cent lower to 8211.05 pts; while EGX20 finished 1.52 per cent down to 9786.87 pts.
In addition, the mid- and small-cap index, the EGX70 went down by 0.74 per cent to end at 605.76 pts. The price index EGX100 plummeted by 0.86 per cent to conclude at 1056.69 pts.
Furthermore, the market capitalization recorded EGP 477.778 billion on Thursday.
Turnovers below EGP1 bln
Through the closing session of Thursday, the trading volume has reached 217.993 million securities, with turnovers worth EGP 843.170 million, exchanged through 22.845 thousand transactions.
Also during the closing session, 180 listed securities have been traded in; 126 declined, 32 advanced; while 22 keeping their previous levels.
The non-Arab foreign investors investors were net sellers on Thursday 13.74% of the total market, with a net equity of EGP 208.048 million, excluding the deals.
On the other hand, Egyptian and Arab investors were net buyers capturing 77.91% and 8.35% respectively of the total markets, with a net equity of EGP 145.121 million and EGP 62.926 million respectively, excluding the deals.