Egyptian Stocks edge lower amid Foreign Selloffs

Egypt’s stocks fell on Wednesday registering losses worth 1.6 billion Egyptian pounds (US$214.2 million) amid non-Arab large selloffs.

Consequently, the country’s main stock index, EGX30 slumped below 9865 points.

The rest of the Egyptian Exchange’s indices were wavering in red notes during the closing session of Wednesday.

Indices:

The main stock index, EGX30 edged down by 0.83 per cent to 9863.73 points. EGX20 tumbled by 0.95 per cent to 10977.93 points.

Meanwhile, the mid- and small-cap index EGX70 fell by 0.74% to 575.34 points. The price index, EGX100 also dropped by 0.31% to 1142.65 points.

Turnovers less below EGP1 billion
Through the closing session of Wednesday, the trading volume has reached 149.610 million securities, with turnovers climbed to EGP 981.750 million, exchanged through 28.621 thousand transactions.                       
Also during the closing session, 186 listed securities have been traded in; 100 declined, 57 advanced; while 23 kept their previous levels.
Furthermore, the market capitalization recorded EGP 523.256 billion on Wednesday.

Investors’ Activities

The non-Arab foreign investors were net sellers on Wednesday seizing 23.15% of the total market, with a net equity of EGP 54.854 million, excluding the deals.

On the other hand, local and Arab investors were net buyers capturing 73.15% and 3.7% respectively of the total markets, with a net equity of EGP 39.781 million and EGP 15.073 million, respectively, excluding the deals.