Egypt’s bourse closed this week with gains totalling 4.7 billion Egyptian pounds, yet the stocks were wavering in red notes. The country’s main stock index, EGX30 fell below 9425 points on Thursday driven by local and Arab investors’ selling pressures.
Indices
Egypt’s benchmark index EGX30 ended 0.79 per cent lower to 9420 pts; and EGX20 closed 0.58 per cent down to 10953.19 pts.
In addition, the mid- and small-cap index, the EGX70 dipped by 0.08 per cent to finish at 617.9 pts. The price index EGX100 went down by 0.31 per cent to conclude at 1126.4 pts.
Furthermore, the market capitalization recorded EGP 519.542 billion on Thursday.
Turnovers Surge above EGP One billion
Through the closing session of Thursday, the trading volume has reached 302.154 million securities, with turnovers worth EGP 1.185 billion, exchanged through 33.507 transactions.
Also during the closing session, 184 listed securities have been traded in; 120 declined, 48 advanced; while 13 kept their previous levels.
Investors’ Activities
Local and Arab investors were net sellers seizing on Thursday 83.89% and 5.66% respectively of the total markets, with a net equity of EGP 19.094 million and EGP 1.694 million, respectively, excluding the deals.
On the other hand, the non-Arab foreign investors and were net buyers capturing 10.45% of the total market, with a net equity of EGP 20.788 million, excluding the deals.
