Global pressure mounts on Israel as Gaza death toll surges, war deepens    Egypt targets 7.7% AI contribution to GDP by 2030: Communications Minister    Irrigation Minister highlights Egypt's water challenges, innovation efforts at DAAD centenary celebration    Egypt discusses strengthening agricultural ties, investment opportunities with Indian delegation    Al-Sisi welcomes Spain's monarch in historic first visit, with Gaza, regional peace in focus    Cairo governor briefs PM on Khan el-Khalili, Rameses Square development    El Gouna Film Festival's 8th edition to coincide with UN's 80th anniversary    Egypt's gold prices fall on Wednesday    Egypt expands medical, humanitarian support for Gaza patients    Egypt condemns Israeli offensive in Gaza City, warns of grave regional consequences    Cairo University, Roche Diagnostics inaugurate automated lab at Qasr El-Ainy    Egypt investigates disappearance of ancient bracelet from Egyptian Museum in Tahrir    Egypt launches international architecture academy with UNESCO, European partners    Egypt signs MoUs with 3 European universities to advance architecture, urban studies    Egypt's Sisi, Qatar's Emir condemn Israeli strikes, call for Gaza ceasefire    Egypt condemns terrorist attack in northwest Pakistan    Egyptian pound ends week lower against US dollar – CBE    Egypt hosts G20 meeting for 1st time outside member states    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egyptian, Ugandan Presidents open business forum to boost trade    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Sinai Deadly Attacks Weigh on, Egypt Stocks Lose EGP4bn on Monday
Yomna Yasser Published in Amwal Al Ghad on 27 - 10 - 2014

Egypt's stocks ended Monday lower incurring losses worth 4.4 billion Egyptian pounds driven by Sinai deadly attacks occurred last Friday. In return, the country's main stock index, EGX30 retreated further below 8650 points driven by local investors' selling appetite.
The Egyptian Exchange's indices were wavering in dark red notes during the closing session of Monday.
On Friday, some of the worst anti-state violence claimed the lives of at least 33 soldiers during an attack on a checkpoint in the Sinai Peninsula bordering Israel and Gaza. The assault bore the marks of attacks claimed by Egypt's most active militant group Ansar Bayt al-Maqdis.
The European Union, and the U.S. and British governments condemned the attacks on Friday and pledged their support.
The government responded to Friday's attacks swiftly, declaring a three-month state of emergency in parts of North Sinai, where the attacks happened.
Indices
Egypt's benchmark index EGX30 ended 1.44 per cent lower to 8648.99 pts; and EGX20 2.11 per cent down to 9871.76 pts.
In addition, the mid- and small-cap index, the EGX70 fell by 0.72 per cent to finish at 582.95 pts. The price index EGX100 inched down by 0.93 per cent to conclude at 1059.45 pts.
Furthermore, the market capitalization recorded EGP 490.988 billion on Monday.
Turnovers Slightly higher, yet below EGP One billion
Through the closing session of Monday, the trading volume has reached 174.826 million securities, with turnovers worth EGP 833.776 million, exchanged through 25.328 transactions.
Also during the closing session, 177 listed securities have been traded in; 121 declined, 33 advanced; while 18 kept their previous levels.
Investors' Activities
Local investors were net sellers on Monday seizing 77.47% of the total market, with a net equity of EGP 68.832 million, excluding the deals.
On the other hand, Arab and the non-Arab foreign investors remained net buyers attaining 9.2% and 13.34% respectively of the total markets, with a net equity of 25.226 million and EGP 43.605 million, respectively, excluding the deals.

Clic here to read the story from its source.