The Egyptian Exchange (EGX) has ended this week incurring losses of EGP 732 million driven by the investors’ concerns over imposing the new stamp tax on the daily selling and buying transactions at 0.001. The capital market has reached to EGP 374.200 billion during Thursday’s closing.
The EGX indices ended in green notes, except for the benchmark EGX 30.
Egypt’s benchmark index EGX30 ended Thursday’s session on a red note as it tumbled by 0.48% to close at 5489.46 p; while EGX20 rose by 0.13% to end at 6422.94 p.
Meanwhile, the mid- and small-cap index, the EGX70 inched up by 0.20% to conclude at 471.22 pts. Price index EGX100 surged by 0.30% to finish at 796.55 p.
During Thursday’s closing, the trading volume hit 81.155 million securities, higher than Wednesday’s 76.601 million securities, representing an increase of 4.554 thousand securities. For the traded value, it reached EGP 312.404 million, exchanged 18.826 thousand transactions.
This was after trading in 177 listed securities; 93 declined, 55 advanced; while 29 keeping their previous levels.
The non-Arab foreigners’ selling pressures have driven EGX’s losses on Thursday as they were net sellers seizing 26.42% of the total markets, with a net equity of EGP 22.837 million excluding the deals.
Meanwhile, Egyptians and Arabs were net buyers seizing 69.24% and 4.34% respectively, of the total markets, with a net equity of EGP 16.279 million and EGP 6.557 million excluding the deals.
