Stocks in Egypt tumble 0.36% amid foreign selloff on Tuesday

Egyptian stock market ended trade further lower on Tuesday amid heaving foreign selloffs. Main index, EGX30 tumbled 0.36 percent, to 8213.53 points.

Other indices; EGX50 EWI index fell 1.68 percent, to 1262.17 points; EGX20 inched 1.39 percent lower, to 8029.64 points.

Mid- and small-cap index EGX70 sagged 0.58 percent, to 334.44 points. Price index, EGX100 dipped 0.07 percent, to 786.62 points.

Market Cap

Market capitalisation logged losses worth around 3 billion Egyptian pounds ($337.8 million), to record 408.927 billion pounds during the closing session of Tuesday.

Turnovers

The bourse’s trading volume reached 191.480 million securities, with turnovers, closing at 1.074 billion pounds, exchanged through 16,623 transactions.

Also during the closing session, 172 listed securities have been traded in, 103 declined, 33 advanced; while 31 kept their previous levels.

Investors’ Activities

Non-Arab foreign and Arab investors were net sellers controlling 16.45 and 11.19 percent respectively of the total markets, with a net equity of 80.372 million pounds and 3.251 million pounds, respectively, excluding the deals.

On the contrary, local investors were net buyers capturing 72.36 percent of the total market, with a net equity of 83.624 million pounds, excluding the deals.

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