Media ININ Economy We Trust
Cairo 22-Sep-2019
The Egyptian Stock Exchange (EGX) ended today’s trading session with a collective decline of all indices, under pressure from Egyptian and Arab dealers, which led to a loss of EGP 35.7 billion in market capitalization to reach EGP 702.302 billion.
The stock market halted transactions half an hour to exceed the rates of decline, in the stock indices, where the main index recorded a daily rate of decline, the largest since 2014, which fell the Egyptian stock market after the announcement of the imposition of capital gains tax on transactions.
The main index of the Egyptian Stock Exchange (EGX30) on the decline by 5.32%, to reach the level of 13958.11 points, while the index (EGX70) for small and medium-sized stocks fell by 5.66%, to close at 509.02 points.
The declines included the broader EGX 100 index, which fell 5.68% to 1358.04 points.
The shares of 3 companies made gains while those of 157 declined while 19 companies remained unchanged.
A total of 243 million shares were exchanged through 26.154 thousand transactions.
Foreign investors and Arab investors were net buyers, recording EGP 182.26 million buy trades and EGP 59.9 million sell trades, while Egyptian investors were net sellers of EGP 242.2 million.
