Stocks in Egypt Lose EGP3.7bn amid Local and Arab Midday Profit-taking

Egypt’s stocks registered losses worth 3.7 billion Egyptian pounds during midday trade on Tuesday driven by local and Arab investors’ profit-taking. Consequently, the country’s main stock index, EGX30 further fell below 9615 points.

Meanwhile, the EGX indices were wavering in red notes during the midday session of Tuesday.

Indices

The Benchmark EGX30 inched down by 0.96% to 9610.49 p, and EGX20 tumbled by 1.36% to 11497.76 p.

In addition, the mid- and small-cap index, the EGX70 plummeted by 1.67% to 640.56 p. Yet, the Price index EGX100 retreated by 1.24% to 1157 p.

Furthermore, market capitalization reached EGP 524.506 billion, according to data compiled by Amwal Al Ghad English at 13:14 p.m. Cairo time (10:14 GMT).

Trading Volumes & Values

The trading volume has recorded 119.642 million securities worth EGP 671.743 million, exchanged through 17.684 transactions during Tuesday midday.

Also during the midday session, 174 listed securities have been traded in; 124 fell, 24 advanced; while 21 keeping their previous levels.

Investors’ Activities

Local and Arab investors were net sellers at midday trade seizing 82.55% and 5.05% respectively of the total markets, with a net equity of EGP 19.487 million and EGP 1.105 million, excluding the deals.

On the other hand, the non-Arab foreign investors were net buyers capturing 12.4% of the total market, with a net equity of EGP 20.593 million, excluding the deals.