Egypt: EGX Sees Bearish Trend on Thursday

The Egyptian Exchange’s (EGX) indices closed Thursday’s trading session in the red zone, with market capitalization at EGP 2.180 billion.

The benchmark EGX30 index lost 1.15%, to close at 29,444.65 points.

The small- and mid-cap EGX70 equal-weight index (EWI) was down by 0.01% at 8,303.17 points, while the EGX100 index shed 0.25%, ending the session at 11,376.82 points.

The Sharia-compliant index, EGX33 Shariah index, dropped by 0.74%, closing the session at 3,120.46 points.

Today’s trading saw 851.971 billion shares exchanged over 86,253 transactions, generating a turnover of EGP 2.822 billion.

Retail investors seized 76.84% of total trading transactions, while institutional investors made up 23.15% of trading.

Egyptian traders constituted 91.48% of total trading transactions, while Arab and foreign investors accounted for 4.8% and 3.72%, respectively.

Egyptian and foreign traders were net sellers with EGP 48.331 million and EGP 42.356 million, respectively. Arab investors were net buyers with EGP 90.688 million.