Foreign Selling Pressures Pare EGX Gains, Benchmark Ends At 5242Pts

The Egyptian Exchange (EGX) has pared its opening gains to eventually end Tuesday’s session with gains of EGP 917 million. The capital market has reached to EGP 362.130 billion during Tuesday’s closing session.

The EGX indices ended Tuesday in mixed notes.

Egypt’s benchmark index EGX30 inched up by 0.88% to close at 5242.55 p; while EGX20 rose by 0.11% to end at 6164.69 p.

Meanwhile, the mid- and small-cap index, the EGX70 slumped by 0.41% to conclude at 454.85 pts.  Price index EGX100 went down by 0.04% to finish at 759.15 p.

During  Tuesday’s closing, the trading volume hit 98.344 million securities, higher than Monday’s 85.911 million securities, representing an increase of 12.433 thousand securities. For the traded value, it reached EGP 291.447 million, exchanged 17.286 thousand transactions.

This was after trading in 164 listed securities; 58 declined, 77 advanced; while 29  keeping their previous levels.

The non-Arab foreigners and Arabs’ selling pressures have pared EGX’s gains as they were net sellers seizing 34.69% and 4.2% respectively, of the total markets, with a net equity of EGP 32.381 million and EGP 2.360 million excluding the deals.

Meanwhile, Egyptians were net buyers seizing 61.11% of the total markets, with a net equity of EGP 34.742 million excluding the deals.