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EGX indices decline during October

EGX indices decline during October
EGX30 lost 4.31% in October

Cairo – Mubasher: The Egyptian Exchange (EGX) declined during the month of October on the back of selling pressures by foreign investors.

The benchmark index EGX30 lost 4.31% in October, to finish the month at 10,515 points, while the EGX70 EWI declined by 6.62% to close at 1,870 points.

The broader EGX100 EWI retreated by 5.27% to settle at 2,743 points, while EGX50 plunged by 3.37% and ended the month at 1,990 points.

Market capitalization lost EGP 13.3 billion as it ended October at EGP 605.4 billion, compared with EGP 618.7 billion by the end of September.

Traded volumes amounted to 7 billion securities with a total turnover of EGP 47.9 billion with the number of transactions reaching 793,000.

Egyptian investors dominated 82.6% of the monthly trade, followed by foreign and Arab investors with 10.5% and 6.9%, respectively.

Foreign investors were net sellers at EGP 2 billion, while Arab investors registered net purchases of EGP 371.4 million.