Local selling pressures incur Egypt’s stock market $394-losses

Egyptian stock market incurred losses estimated at 3.5 billion Egyptian pounds (US$394 million) on Egyptian selling pressures.

The market capitalisation hit 417.192 billion pounds during the closing session of Tuesday.

Indices:

Egypt’s main index, EGX30 declined by 0.78 percent to 8387.49 points.

The EGX50 EWI index sagged by 1.51 percent to 1411.5 points.

EGX20 dropped by fell by 1.55 percent to 8426.63 points.

In addition, the mid- and small-cap index EGX70 rose by 0.76 percent to 367.63 points. The price index, EGX100 increased by 0.13 percent to 810.11 points.

Turnovers down

On Tuesday, the bourse’s trading volume recorded 222.621 million securities, with turnovers closed at 764.385 billion pounds, exchanged through 21,792 thousand transactions.

Also during the closing session, 167 listed securities have been traded in; 112 declined, 30 advanced; while 24 kept their previous levels.

Investors’ Activities

Egyptian investors were net sellers on Tuesday capturing  69.94 percent of the total market, with a net equity of 35.660 million pounds, excluding the deals.

On the contrary, Arab and foreign investors were net buyers getting 6.43 percent and 23.63 percent respectively of the total markets, with a net equity of 15.525 million pounds and 20.134 million pounds, respectively, excluding the deals.