Shares Mixed at Midday, Egypt’s Main Index Falls 1.1% on Foreign Sell-offs

Egyptian bourse lost 1.5 billion Egyptian pounds during midday session on Tuesday driven by foreign sell-offs. Egypt’s main index also fell below 7325 points.

The Egyptian Exchange’s indices were wavering in mixed notes during the midday session of Tuesday.

Indices

The Benchmark EGX30 tumbled by 1.13% to 7324.92 p; EGX20 also dropped by 1.11 % to 8736.83 p.

Additionally, the mid- and small-cap index, the EGX70 climbed by 1.73% to 598.31 p.  Price index EGX100 surged by 1.44% to 1012.13 p.

Furthermore, market capitalization registered EGP 452.264 billion, according to data compiled by Amwal Al Ghad English at 12:56 p.m. Cairo time (10:56 GMT).

Turnovers & Trading Volumes

The trading volume has recorded 137.730 million securities, with turnovers reached EGP 416.167 million, exchanged through 19.703 thousand transactions during Tuesday midday.

Also during the midday session, 178 listed securities have been traded in; 84 fell, 72 advanced; while 22 keeping their previous levels.

Investors’ Activities

Arabs and the non-Arab foreigners were net sellers seizing 5.52% and 14.98% respectively of the total markets, with a net equity of 55.549 million and 218.065 million respectively, excluding the deals.

On the contrary, Egyptians were net buyers acquiring 79.5% of the total market, with a net equity of EGP 273.614 million, excluding the deals.