Egypt bourse ends in red notes with $1.1bn losses

Egyptian stock market edged lower Tuesday with losses worth 9.1 billion Egyptian pounds (US$1.16 billion) on local and foreign selling pressures.

The market capitalisation has recorded 434.809 billion pounds during the closing session of Tuesday.

Indices

Egypt’s benchmark index, EGX30 slid by 3.38 percent to 6924.05 points.

The newly-launched EGX50 EWI index went down by 3.79 percent to 1167.54 points.

EGX20 sagged by 4.51 percent to 6596.86 points.

In addition, the mid- and small-cap index EGX70 edged down by 3.49 percent to 374.11 points. The price index, EGX100 shrunk 2.61 percent to 811.65 points.

Turnovers low

On Tuesday, the bourse’s trading volume has hit 273.304 million securities, with turnovers closed at EGP 852.190 million, exchanged through 24,356 thousand transactions.

Also during the closing session, 168 listed securities have been traded in; 126 declined, 18 advanced; while 24 kept their previous levels.

Investors’ Activities

Egyptian and non-Arab investors were net sellers on Tuesday capturing 83.72% and 10.69% respectively of the total markets, with a net equity of EGP 5.273 million and EGP 22.978 million, respectively, excluding the deals.

On the contrary, Arab investors were net buyers getting 5.59% of the total market, with a net equity of EGP 28.251 million, excluding the deals.