Egypt’s Main Gauge Sinks 2.8%, Hits 4-Month Low

Egypt market has incurred losses of EGP 8.4 billion driven by the local selling pressures on Sunday.

Consequently, the Egyptian Exchange’s indices ended on deep red notes by Sunday afternoon.

Egypt’s benchmark index EGX30 tumbled by 2.87% to close at 4915.96 p; while the EGX20, it pushed down by 2.91% to end at 5492.38 p.

Meanwhile, the mid- and small-cap index, the EGX70 dived by 4.16% to conclude at 391.16 p.  The price index EGX100 also sank by 3.33% to finish at 676.83 p.

The capital market has closed at EGP 334.006 billion on Sunday.

Traded Volumes & Trades

Through the closing session of Sunday, the trading volume reached 99.199 million securities. For the traded value, it reached EGP 284.779 million, exchanged through 15.940 thousand transactions.

Also during the closing session of Sunday, 169 listed securities have been traded in; 143 declined, 5 advanced; while 21 keeping their previous levels.

Investors’ Activity

Egyptians’ selling pressures dragged EGX’s closing losses as they were net sellers seizing 69.48% of the total markets, with a net equity of EGP 67.036 million, excluding the deals.

Meanwhile, the non-Arab foreigners and the Arabs were net buyers seizing 13.78% and 16.75% respectively, of the total markets, with a net equity of EGP 10.248 million and 53.787 million excluding the deals.