Egypt’s EGX 30 Hits 2-month Low, Closes below 5190 pts

Egypt’s stocks ended lower for the second day in a row incurring losses totaled EGP 744 million on Wednesday driven by the local and non-Arab foreign selling pressures. The main index poised to two-month low closing below 5190 pts on Wednesday.

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

Egypt’s benchmark index EGX30 tumbled by 0.12% to close at 5189.39 pts; while the EGX20 fell by 0.13% to end at 6036.82 p. 
Meanwhile, the mid- and small-cap index, the EGX70 dropped by 0.68% to conclude at 438.13 p. The price index EGX100 dipped by 0.55% to finish at 740.2 p.
The capital market has closed at EGP 351.409 billion on Wednesday.

Declining Traded Volumes & Trades
Through the closing session of Wednesday, the trading volume has reached 90.161 million securities. For the traded value, it hit EGP 284.886 million, exchanged through 17.453 thousand transactions.   

Also during the closing session, 157 listed securities have been traded in; 81 declined, 44 advanced; while 32 keeping their previous levels.

Investors’ Activity

Egyptians and the non-Arab foreigners’ selling pressured dragged EGX’s closing losses as they were net sellers seizing 89.73% and 6.8% respectively, of the total market, with net equities of EGP 1.460 million and EGP 591.371 thousand, excluding the deals.

Meanwhile, Arabs were net buyers seizing 3.47% of the total market, with a net equity of EGP 2.052 million, excluding the deals.