During Wednesday’s midday, the Egyptian Exchange (EGX) has posted losses of EGP 1.3 billion driven by foreign selling pressures.
The capital market has amounted to EGP 360.222 billion, according to data compiled by Amwal Al Ghad English at 1:00 p.m. Cairo time (11:00 GMT) during Wednesday’s midday session.
The EGX indices were in red notes during the midday session.
Benchmark EGX30 inched down by 0.56% to 5265.5 p; while EGX20 fell by 0.82% to 6158.59 p.
Meanwhile, the mid- and small-cap index, the EGX70 dropped by 0.36% to 449.04 p. Price index EGX100 dipped by 0.42% to 750.31 p.
During Wednesday’s midday session, the trading volume has reached 29.480 million securities worth EGP 198.717 million, exchanged through 7.940 transactions.
This was after trading in 141 listed securities; 94 declined, 10 advanced; while 37 keeping their previous levels.
The non-Arab foreigners’ selling pressures have driven EGX’s midday losses as they were net sellers seizing 17.67% of the total markets, with a net equity of EGP 7.563 million excluding the deals.
Meanwhile, Egyptians and Arabs were net buyers seizing 78.95% and 3.38% respectively, of the total markets, with a net equity of EGP 4.077 million and EGP 3.485 million, excluding the deals.
