Shares in Egypt Lose EGP2 bln, Benchmark Falls to 6164 – Midday

Egypt’s shares incurred losses worth EGP 1.97 billion during the midday session of Wednesday driven by Arab selling pressures. The benchmark index fell 0.6% to 6164 points.

The Egyptian Exchange’s indices were wavering in mixed notes during Wednesday noon.

The Benchmark EGX30 slumped by 0.59% to 6164.92 p; while EGX20 dropped by 0.50% to 7274.16 p.

On the other hand, the mid- and small-cap index, the EGX70 inched up by 0.23% to 517.45 p.  Price index EGX100 advanced by 0.10% to 870.63 p.
The capital market has opened at EGP 399.732 billion on Wednesday, according to data compiled by Amwal Al Ghad English at 12.23 p.m. Cairo time (10:23 GMT).

Trading Volumes & Values

The trading volume has recorded 63.134 million securities worth EGP 223.266 million, exchanged through 11.119 transactions during Wednesday midday.

Also during the midday session, 156 listed securities have been traded in; 86 fell, 51 advanced; while 19 keeping their previous levels.

Investors’ Activities

Arabs and the non-Arab foreigners were net sellers driving EGX’s midday losses as they acquired 4.45% and 6.19% respectively of the total markets, with a net equity of EGP 1.407 million and EGP 4.606 million respectively, excluding the deals.

Meanwhile, Egyptians were net buyers seizing 89.35%, of the total markets, with a net equity of EGP 6.014 million excluding the deals.