Rafah Crossing 'never been closed for one day' from Egypt: PM    Egypt will keep pushing for Gaza peace, aid: PM    Remittances from Egyptians abroad surge 70% YoY in July–May: CBE    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    Egypt's current account gap narrows, but overall BoP records deficit    Al-Sisi urges accelerated oil, gas discoveries, lower import bill    SCZONE signs $52.6m textile industry deals during China investment tour    Egypt hosts international neurosurgery conference to drive medical innovation    Egypt's EDA discusses Johnson & Johnson's plans to expand investment in local pharmaceutical sector    I won't trade my identity to please market: Douzi    Sisi calls for boosting oil & gas investment to ease import burden    EGX to close Thursday for July 23 Revolution holiday    Egypt, Senegal sign pharma MoU to unify regulatory standards    Famine kills more Gaza children as Israel tightens siege amid global outrage    Kuwait's Crown Prince, Egyptian minister discuss strengthening cooperation    Egyptian Drug Authority discusses plans for joint pharmaceutical plant in Zambia    Egypt's FM seeks deeper economic, security ties on five-nation West Africa tour    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt foils terrorist plot, kills two militants linked to Hasm group    Giza Pyramids' interior lighting updated with new LED system    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    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    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    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.



Stocks in Egypt start February 0.7% lower
Published in Amwal Al Ghad on 01 - 02 - 2017

Egypt's stock market slightly went lower on Wednesday on local and Arab investors' selloff.
Main index, EGX 30 fell 0.70 percent, to 12584.26 points, taking its losses since hitting a record-high close on Jan. 17 to 6.3 percent.
"This is still not a deep correction and the pullback is the normal course of action following three months of strong gains," a Cairo-based stock broker told Reuters.
Other indices; EGX50 EWI index dropped 0.52 percent, to 1895.1 points; EGX20 edged lower 1.02 percent, to 11781.05 points.
Mid- and small-cap index EGX70 added 2.88 percent, to 482.46 points. Price index, EGX100 also grew 1.57 percent, to 1176.03 points.
Market Cap
Market capitalisation incurred mild losses worth 153 million Egyptian pounds (around $8.1 million), to record 612.671 billion pounds during the closing session of Wednesday.
Turnovers
The bourse's trading volume reached 250.877 million securities, with turnovers, closing at 879.826 million pounds, exchanged through 25,121 transactions.
Also during the closing session, 172 listed securities have been traded in, 90 declined, 58 advanced; while 24 kept their previous levels.
Investors' Activities
Local and Arab investors were net sellers controlling 75.83 and 5.54 percent respectively of the total markets, with a net equity of 40.596 million pounds and 18.319 million pounds, respectively, excluding the deals.
On the contrary, non-Arab foreign investors were net buyers capturing 18.63 percent of the total market, with a net equity of 58.916 million pounds, excluding the deals.


Clic here to read the story from its source.