Egypt’s stocks slumped Tuesday on continuous foreign selling pressures

Egypt’s stocks market concluded Tuesday lower weighed by foreign selling pressures. However the main index, EGX30 rose by 0.41 percent, to 7452.88 points.

Other indices; EGX50 EWI index sank 0.36 percent, to 1383.82 points; while EGX20 inched up 0.02 percent, to 7622.2 points.

Mid- and small-cap index EGX70 slumped 0.29 percent, to 374.9 points. Price index, EGX100 sagged 0.22 percent, to 783.81 points.

Market Caps

Market capitalisation incurred losses worth 991 million Egyptian pounds ($ 111.5million), to record 400.458 billion pounds during the closing session of Tuesday.

Turnovers up

The bourse’s trading volume hit 260.266 million securities, with turnovers, closing at 2.085 billion pounds, exchanged through 24,088 transactions.

Also during the closing session, 174 listed securities have been traded in, 92 declined, 39 advanced; while 35 kept their previous levels.

Investors’ Activities

Arab and non-Arab foreign investors were net sellers controlling 6.74 and 64.99 percent respectively of the total markets, with a net equity of 230.269 million pounds and 114.658 million pounds, respectively, excluding the deals.

On the contrary, local investors were net buyers capturing 28.27 percent of the total market, with a net equity of 115.910 million pounds, excluding the deals.