LE 1.6B... net foreign sales on EGX since beginning of year

CAIRO – 9 June 2019: Foreign Investors have been net sellers at the Egyptian Exchange (EGX) since the beginning of the year by LE 1.56 billion, according to EGX recent data.

EGX clarified that Arab investors have been net buyers by LE 90.3 million after excluding deals in listed stocks during this year since started.

The data revealed that Egyptians represented 67 percent of the value traded in listed stocks after excluding deals, Foreigners accounted for 23.7 percent, while Arabs captured 9.3 percent since the beginning of the year.

As per the first week of June which witnessed two sessions only due to Eid al-Fitr holiday, Foreigners were net sellers, with a net of LE 28.3 million, and Arabs were net sellers, with a net of LE 9.7 million, after excluding deals in listed stocks.

Egyptians represented 60.7 percent of the value traded in listed stocks after excluding deals during the week. Foreigners accounted for 34.7 percent, while Arabs captured 4.5 percent.

Eid al-Fitr holiday started on Tuesday, June 4 and ended on Thursday, June 6, 2019. “Trading resumed on Sunday, June 9, 2019.”

Moreover, Total market capitalization reached LE 745.1 billion at end of the week, representing an increase of 0.01 percent over the period, according to revealed data.