Egyptian stock sages 3.66 %, incurs heavy losses

Egyptian stock market  finished Sunday bullish incurring losses estimated at 9.3 billion Egyptian pounds (US$1.18 billion) driven by regional drop following the decrease in oil prices.

The market capitalisation recorded 412.308 billion pounds during the closing session of Sunday.

Indices

Egypt’s benchmark index, EGX30 sagged by 3.06 percent to 6395.2 points.

EGX50 EWI index went down by 3.06 percent to 1094.41 points.

EGX20 plummeted by 4.09 percent to 6276.55 points.

In addition, the mid- and small-cap index EGX70 shrunk by 2.32 percent to 353.01 points. The price index, EGX100 slid  by 2.02 percent to 747.19 points.

Turnovers low

On Sunday , the bourse’s trading volume has hit 219.582 million securities, with turnovers closed at EGP 370.986 million, exchanged through 15,553 thousand transactions.

Also during the closing session, 158 listed securities have been traded in; 121 declined, 9 advanced; while 24 kept their previous levels.

Investors’ Activities

Local and Arab investors were net sellers on Sunday seizing 91.91% and 3.27% respectively of the total markets, with a net equity of 6,702 thousand pounds and 2.085 million, respectively, excluding the deals.

On the contrary, the foreign investors were net buyers getting 4.82% of the total market, with a net equity of 2.092 million pounds, excluding the deals.