Egypt's main indicator retreats by 2.46 pct during last week

Friday 22-01-2016 12:40 PM
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CAIRO, Jan 22, (Aswat Masriya) - Egypt's benchmark index EGX30 slumped by 2.46 per cent to reach 5,173 points during last week , said state-owned MENA citing the Egyptian stock exchange's weekly report. 

The report revealed the contrast between the benchmark and secondary market indicators as the index for small and medium enterprises EGX 70 increased by 2.29 per cent to reach 344 points while the broader  EGX100 declined by 0.37 per cent to reach 692 points. 

It added that Egypt’s bourse suffered losses of EGP 3.5 billion decreasing the capital market share of listed companies to EGP 380.5 billion instead of EGP 384 billion during the previous week's trading, marking a decline of about 0.9 per cent. 

Egyptian investors' trading amounted to about 90.73 per cent of the total market transactions, while non-Arab foreign investors accounted for 5.13 per cent of the market transactions and Arab investors' transactions amounted to 4.14 per cent, excluding deals.

Non-Arab foreigners made net sales of about EGP 187.35 million, and Arabs made net purchases of EGP 158.93 million, excluding deals. 

Institutions recorded 75.6 per cent of the bourse's transactions, while the remaining 24.84 per cent were for individual transactions.

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