EGX Indices Close In Dark Red on Foreign Selling Pressures

On Tuesday’s closing session, the EGX extended its losses to reach EGP 2.7 billion as the capital market amounted to EGP 342.842 billion.

The main index, EGX 30 sagged 1.19% to close at 4678.98 p. EGX20 went down 1.13% to close at 5398.85 p.

Meanwhile, the mid- and small-cap index, the EGX70 dropped 1.80% to close at 426.53 p. Price index EGX100 fell 1.43% to close at 750.97 p.

Traded volume reached million 62.650 securities, at a value of EGP 262.791 million, exchanged through 14.666 thousand transactions.

This was after trading in 165 listed securities; 133 down and 24 up while 8 keeping their previous levels.

Egyptians and Arabs were net buyers seizing 78.73% and 2.41% respectively of the total markets, with a net equity of EGP 27.359 million and EGP 7.916 million, excluding the deals.

On the other hand, the non-Arab Foreigners were net sellers seizing 18.87%, with a net equity of EGP 35.276 million, excluding the deals.