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EGX tumbles at Tuesday’s close

EGX tumbles at Tuesday’s close

ArabFinance: The Egyptian Exchange’s (EGX) indices fell at the end of Tuesday’s session, with the benchmark losing over 3% and the market cap reaching EGP 1.006 trillion.

The benchmark EGX30 index lost 3.94%, finishing the session at 15,462.57 points, while the EGX50 EWI shrank by 2.54%, to stand at 2,700.59 points.

The small- and mid-cap EGX70 equal-weight index (EWI) dropped 2.41%, reaching 2,814.08 points, while the EGX100 decreased by 2.71%, ending the session at 4,213.72 points.

Trading volume amounted nearly to 710.875 billion shares exchanged through 86,918 transactions at a turnover of EGP 2.353 bn.

Retail investors controlled 72.15% of total trading transactions, while institutional investors made up 27.84% of trading.

Egyptian traders made up 87.38% of total trading transactions, while Arab and foreign investors accounted for 7.84% and 4.77%, respectively.

Non-Arab foreign and Arab traders were net sellers with EGP 23.727 million and EGP 18.301 million, respectively, while Egyptian investors were net buyers with EGP 42.028 million.



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