Bourse’s main index decreases 1.86% last week

Bourse’s main index decreases 1.86% last week

Market capital for company shares listed on the Egyptian bourse during last week’s trading decreased EGP2.4bn reaching EGP352.3bn, compared to EGP354.7bn during the previous week. (AFP File Photo / Khaled Desouki)

Market capital for company shares listed on the Egyptian bourse during last week’s trading decreased EGP2.4bn reaching EGP352.3bn, compared to EGP354.7bn during the previous week.
(AFP File Photo / Khaled Desouki)

Market capital for company shares listed on the Egyptian bourse during last week’s trading decreased EGP2.4bn reaching EGP352.3bn, compared to EGP354.7bn during the previous week.

Indicators from the bourse’s weekly report showed that trading on the country’s EGX 30 main index decreased 1.86% reaching 5170 points, while small and mid-sized shares on the EGX 70 decreased 70% closing at 441 points.

The EGX100, the Egyptian bourse’s largest index, decreased 0.36% closing at 744 points, while the EGX20 index decreased 1.86% closing at 6008 points.

The report showed that the total value of trading last week reached EGP2.5bn, with 454 million stocks traded in 85,000 deals. This is compared to 464 million shares traded last week at a value of EGP2bn in 92,000 deals.

The Nile Bourse meanwhile recorded a total of 5.3 million shares traded last week at a value of EGP8.6m in 1,302 separate deals. Stock market shares made up 66.88% of all trading done, with trading in bonds representing the remaining 33.66%.

The report further showed that Egyptians made up 83.95% of all market traders last week, with non Arab foreigners making up 9.45% of all traders, and other Arabs making up the remaining 6.6%.

Net sales for non-Arab foreigners totaled EGP 1.85m last week, while net purchases made by Arabs totaled EGP 2.17m. Net trading done by foreigners was recorded at a net sales value of EGP1.518bn since the beginning of the year, while net sales of Arabs totaled EGP 319m during the same period.

The report showed that institutions made up 65.80% of all trading on the Bourse, with individuals making up the remaining 43.20%. Net purchases for institutions totaled EGP7.59m this week. A total of 704,000 bonds were traded last week at a value of EGP746m.

Translated from Al Borsa newspaper

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