Stocks lose 2bn pounds on Egyptian, Arab sellers

Egyptian stock market edged lower on Tuesday with losses estimated at 2 billion Egyptian pounds on local and Arab selling pressures.

Market capitalisation reached 618.787 billion pounds during the closing session of Tuesday.


Egypt’s benchmark index, EGX30 declined by 0.92 percent to 12882.88 points.

The EGX50 EWI index decreased by 0.64 percent to 1957.74 points.

EGX20 inched down by 1.02 percent to 12386.95 points.

In addition, the mid- and small-cap index EGX70 increased by 0.47 percent to 475.58 points. The price index, EGX100 climbed by 0.09 percent to 1157.64 points.

Turnovers up

On Tuesday, the bourse’s trading volume has reached 260.930 million securities, with turnovers closed at 1.525 billion pounds, exchanged through 29,991 thousand transactions.

Also during the closing session, 178 listed securities have been traded in; 78 declined, 65 advanced; while 33 kept their previous levels.


Investors’ Activities

Egyptian and Arab investors were net sellers on Tuesday capturing 81.54 percent and 7.64 percent respectively of the total markets, with a net equity of 38.727 million pounds and 26.157 million pounds, respectively, excluding the deals.

On the contrary, Foreign investors were net buyers getting 10.82 percent of the total market, with a net equity of 64.885 million pounds, excluding the deals.