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39.5 per cent decline in annual turnover volume of Egypt's stock market
The main index of the stock exchange ended the year on a record high but it was not enough to prevent a fall in this year's turnover
Mena Published in Ahram Online on 01 - 01 - 2011

While the rate of change of the stock market's main index ended the year in the green with a 15.3 per cent high, the total turnover volume of the Egyptian Stock Exchange (ESE) fell. According to ESE's annual report, published today, turnover in 2010 fell from LE448 billion in 2009 to LE321.4 billion, a decline of 39.5 per cent.
The total volume of recorded securities was 33.4 billion, a fall of 10.7 per cent compared to the 37 billion for 2009.
The total capital market of the listed companies' shares at the end of 2010 is about LE488 billion, down 2 per cent from last year's LE500 billion.
The ratio of Egyptian transactions reached 77.4 per cent of the total transactions. This stands against 16.4 per cent for foreign (non-Arab) and 6.16 per cent for Arab transactions.
The report showed that the transactions of non-Arab foreign investors recorded a net purchase of LE8.4 million in 2010, compared to the Arab investors' net sale of LE997.1 million.

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