Last Update 21:17
Wednesday, 20 February 2019

Egyptian Exchange Indexes lose EGP 8.1 bln

MENA, Ahram Online, Wednesday 12 Sep 2018
The Egyptian Exchange
Traders are seen working below the Egyptian Exchange bell at the stock exchange in Cairo (Photo: Reuters)
Views: 2501
Views: 2501

The Egyptian Exchange (EGX) indexes fell collectively at the close of trading on Wednesday amid selling operations by local and foreign institutions and investment funds and purchases by Arab investors.

The market capital lost EGP 8.1 billion to reach EGP 859.4 billion, compared to the market capital of EGP 867.5 billion reached on Monday.

Foreign investors and Arabs were net sellers, receiving EGP 426.7 million and EGP 29.1 million respectively, while Egyptians were net buyers at EGP 455.8 million.

"The emerging markets crisis will logically affect foreign investors' decisions about Egypt even if Egypt doesn't suffer from ongoing problems," said an economic analyst to Ahram Online.

Total transactions today amounted to EGP 1.5 billion, which included the main dealers system and transfer transactions. 

The EGX 30 benchmark index was down by 0.9% to close at 15,488.49 points.

The broader EGX 70 index, which includes leading small and medium enterprises (SME's), decreased by 1.35% to stand at 747.16 points, while index EGX 100, which includes companies listed on EGX 30 and EGX 70 indexes, went down by 1.22% to reach 1,920.69 points.

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