Local Sellers Drives Egypt Shares to Lose EGP1.6 bln at Close

Egypt’s stocks turned morning gains into closing losses totaled EGP 1.6 billion on Tuesday driven by the local selling pressures. The main index closed below 5200 pts on Tuesday.

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

Egypt’s benchmark index EGX30 edged down by 0.93% to close at 5195.74 pts; while the EGX20 sagged by 0.91% to end at 6044.91 p. 
Meanwhile, the mid- and small-cap index, the EGX70 dropped by 0.60% to conclude at 441.15 p. The price index EGX100 fell by 0.56% to finish at 744.32 p.
The capital market has closed at EGP 352.153  billion on Tuesday.

Traded Volumes & Trades
Through the closing session of Tuesday, the trading volume has reached 105.145 million securities. For the traded value, it hit EGP 297.510 million, exchanged through 18.598 thousand transactions.   

Also during the closing session, 162 listed securities have been traded in; 97 declined, 36 advanced; while 29 keeping their previous levels.

Investors’ Activity
Egyptians’ selling pressured dragged EGX’s closing losses as they were net sellers seizing 92.56% of the total market, with a net equity of EGP 17.380 million, excluding the deals.

Meanwhile, Arabs and the non-Arab foreigners were net buyers seizing 2.84% and 4.6% respectively, of the total market, with net equities of EGP 6.377 million and EGP 11.003 million, excluding the deals.