Egypt’s stocks slumped on Thursday with losses worth 5.5 billion Egyptian pounds (US$721 million) driven by local investors’ selling pressures. In return, the country’s main stock index, EGX30 also retreated below 9485 points.
Meanwhile, the rest of the Egyptian Exchange’s indices were also wavering on red notes during the closing session of Thursday.
Indices:
The EGX30 inched down by 0.59 percent to close at 9481.2 points. EGX20 fell by 0.99 percent to 10417.61 points.
In addition, the mid- and small-cap index EGX70 dropped by 0.63% to 574.03 points. The price index, EGX100 went down by 0.56% to 1139.87 points.
Turnovers below EGP1 billion
Throughout the closing session of Thursday, the trading volume has reached 125.301 million securities, with turnovers climbed to EGP 624.858 million, exchanged through 20.948 thousand transactions.
Also during the closing session, 179 listed securities have been traded in; 115 declined, 37 advanced; while 25 kept their previous levels.
Furthermore, the market capitalization recorded EGP 515.536 billion on Thursday.
Investors’ Activities
Local investors were net sellers on Thursday seizing 81.55% of the total market, with a net equity of EGP 99.338 million, excluding the deals.
On the other hand, the non-Arab foreign and Arab investors were net buyers capturing 15.52% and 2.93% respectively of the total markets, with a net equity of EGP 91.449 million and EGP 7.888 million, respectively, excluding the deals.
