Egyptian stocks have turned opening gains into losses worth EGP 1.3 billion during the closing session of Tuesday driven by non-Arab foreign selling pressures. The benchmark index closed 0.2% up on Tuesday.
The Egyptian Exchange indices were wavering on mixed notes on Tuesday afternoon.
Egypt’s benchmark index EGX30 ended 0.18 per cent higher to 6335.05 pts, and the EGX20 also finished 0.37 per cent up to 7383.12 pts.
Meanwhile, the mid- and small-cap index, the EGX70 dropped by 0.59 per cent to conclude at 532.59 pts. The price index EGX100 decreased by 0.35 per cent to close at 887.72 pts.
The capital market has closed at EGP 410.479 billion on Tuesday.
Turnovers
Through the closing session of Tuesday, the trading volume has reached 153.371 million securities. For the traded value, it hit EGP 488.161 million, exchanged through 27.674 thousand transactions.
Also during the closing session, 181 listed securities have been traded in; 86 declined, 70 advanced; while 25 keeping their previous levels.
Investors’ Activity
The non-Arab foreigners were net sellers triggering EGX’s closing losses for they seized 14.86% of the total market, with a net equity of EGP 29.006 million, excluding the deals.
On the other hand, Egyptians and Arabs were net buyers acquiring 78.57% and 6.57% respectively, of the total market, with net equities of EGP 11.043 million and EGP 17.963 million, excluding the deals.
