Home StocksEGX Foreign Selling Pressure Continues, EGX Losses EGP 3 Bln

Foreign Selling Pressure Continues, EGX Losses EGP 3 Bln

by Yomna Yasser

On Tuesday’s closing session, the EGX incurred losses of EGP 2.99 billion as the capital market amounted to EGP 336.281 billion.

The main index, EGX 30 went down 0.76% to close at 4558.61p. EGX20 fell 2.12% to close at 5143.78 p.

Meanwhile, the mid- and small-cap index, the EGX70 dropped 1.26% to close at 423.52 p. Price index EGX100 sagged 1.64% to close at 738.52 p.

Traded volume reached million 99.262 securities, at a value of EGP 347.999 million, exchanged through 23.829 thousand transactions.

This was after trading in 174 listed securities; 122 down and 32 up while 20 keeping their previous levels.

Egyptians were net buyers seizing 86.81%, with a net equity of L.E 18.982 million, excluding the deals.

On the other hand, the reason for the EGX30’s decline is that  the non-Arab Foreigners and Arabs were net sellers seizing 9.63% and 3.56% respectively, with a net equity of EGP 5.771 million and of EGP 13.211 million, excluding the deals.

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