Egypt’s stocks incurred losses worth 1.7 billion Egyptian pounds during midday session of Tuesday driven by local and Arab profit-takers. Accordingly, the main stock index, EGX30 tumbled further below 8145 points.
The Egyptian Exchange indices were wavering on red notes during the midday trading session on Tuesday.
The Benchmark EGX30 dropped by 0.29% to 8142.39 p, and EGX20 sagged by 0.36% to 9724.54 p.
Meanwhile, the mid- and small-cap index, the EGX70 inched down by 0.72% to 602.09 p. Price index EGX100 fell by 0.64% to 1053.89 p.
Furthermore, market capitalization reached EGP 474.630 billion, according to data compiled by Amwal Al Ghad English at 12:29 p.m. Cairo time (10:29 GMT).
Trading Volumes & Values
The trading volume has recorded 108.144 million securities worth EGP 355.329 million, exchanged through 10.672 transactions during Tuesday midday.
Also during the midday session, 146 listed securities have been traded in; 101 fell, 20 advanced; while 25 keeping their previous levels.
Egyptian and Arab investors were net sellers at midday trade on Tuesday seizing 80.98% and 3.03% respectively of the total markets, with a net equity of EGP 38.193 million and EGP 1.072 million respectively, excluding the deals.
On the other hand, the non-Arab foreign investors were net buyers capturing 15.98% of the total market, with a net equity of EGP 39.265 million, excluding the deals.