Delta Capital for Urban Development hosts Tamer Hosny Concert for Eid al-Adha Celebration after winning the Top Real Estate Developer in Delta Region    US May retail sales sluggish    US Fed sees hope for rate cuts as inflation shows signs of easing    Exploring Riyadh's Historical Sites and Cultural Gems    URGENT: US PPI declines by 0.2% in May    Singapore offers refiners carbon tax rebates for '24, '25    G7 agrees on $50b Ukraine loan from frozen Russian assets    EU dairy faces China tariff threat    Over 12,000 Egyptian pilgrims receive medical care during Hajj: Health Ministry    Egypt's rise as global logistics hub takes centre stage at New Development Bank Seminar    MSMEDA, EABA sign MoU to offer new marketing opportunities for Egyptian SMEs in Africa    Blinken addresses Hamas ceasefire counterproposal, future governance plans for Gaza    Egypt's President Al-Sisi, Equatorial Guinea's Vice President discuss bilateral cooperation, regional Issues    Egypt's Higher Education Minister pledges deeper cooperation with BRICS at Kazan Summit    Egypt's Water Research, Space Agencies join forces to tackle water challenges    Gaza death toll rises to 37,164, injuries hit 84,832 amid ongoing Israeli attacks    BRICS Skate Cup: Skateboarders from Egypt, 22 nations gather in Russia    Pharaohs Edge Out Burkina Faso in World Cup qualifiers Thriller    Egypt's EDA, Zambia sign collaboration pact    Madinaty Sports Club hosts successful 4th Qadya MMA Championship    Amwal Al Ghad Awards 2024 announces Entrepreneurs of the Year    Egyptian President asks Madbouly to form new government, outlines priorities    Egypt's President assigns Madbouly to form new government    Egypt and Tanzania discuss water cooperation    Grand Egyptian Museum opening: Madbouly reviews final preparations    Madinaty's inaugural Skydiving event boosts sports tourism appeal    Tunisia's President Saied reshuffles cabinet amidst political tension    Egypt to build 58 hospitals by '25    Swiss freeze on Russian assets dwindles to $6.36b in '23    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    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.



EFSA report claims political instability cause of stock exchange decline
Published in Youm7 on 23 - 11 - 2011

A decline in the stock market trading at the end of September, causing the main stock index EGX30 to decrease by 10.83 percent and close at 4,137 points, was due to the country's political tension, according to a formal Egyptian Financial Supervisory Authority report.
The report said EGX70 dropped by about 22.18 percent at the end of last September, closing at 458 points. The larger index EGX100 went down by 18.66 percent, recording 708 points at closing.
It pointed out that Arab and Egyptian transactions during the same period leaned more to the purchasing side, whereas foreign dealings were more focused on selling. Non-Arab net sales during September were worth U.S. $12.8 million, while Arab investors made U.S. $14 million, excluding deals.
The report showed Egyptian investors represent 71.65 percent of total stock exchange shares' transactions, while non-Arab foreign transactions held 22.12 percent and Arab transactions a mere 6.23 percent.
The authority noted in its report the decline in market capital of shares listed on the market within the cabin by 11%, registering about 319 billion EGP at the end of the September 29 trading session. The percentage of market capital to GDP by the end of September was up 26.5 percent.
The report said the total value of trading on the listed securities during September, amounted to about 10.1 billion EGP. That figure gives a daily average of 505 million EGP, with a circulation of 1.52 million EGP executed over 424,000 transactions. This compares to last month's total trading value of 12.5 billion EGP amounting to a circulation of 1.549 million EGP executed over 435,000 transactions.


Clic here to read the story from its source.