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The Egyptian Stock Exchange continued its losses for the second month in a row, and market capitalization lost 11.7 billion pounds in the last two sessions to 878.266 billion pounds, while trading volumes were low ( 1.5 billion pounds).
The market capitalization of the Egyptian stock market lost 8.5 billion LE in the last week to close at 889.975 billion LE, down 1% from the previous week.
The market capitalization of the main index fell from 490.316 billion LE to 483.266 billion LE last week, down 1.4%, the capital of the SME index rising from 192.209 billion to 189.227 billion pounds, down 1.7%. From 682.725 billion LE to 672.493 billion LE, a decrease of 1.5%.
The value of the total bond trade amounted to about 1473 million pounds last week, and the total volume of bond transactions was about 1496 thousand pounds. # 39; obligations.
The index finished trading on a collective retreat, the "EGX 30" index of 1.18% closing at 15,655 points, and the "EGX 50" index of 1.12% closing at 2656 points, EGX 20 "at 1.22% to close at 15603 points.
The EGX70 index fell 0.97% to 762 points, while the 39; EGX 100 index lost 1.20% to close at 1956. The Nile Stock Exchange index gained 0.63% Level 465 points.
Salah Haidar, a financial badyst of Pioneers Holding, said that the main index of the Egyptian stock market still moves between 15500 and 16000 points in light of the shortage of cash with a daily average of only 500 million pounds. Stock market-leading stocks realize poor performance under the leadership of Global Telecom and Commercial International Bank, but small and mid-cap stocks were unable to t, all the more so as liquidity is still off the market. It did not move shares Leading to this in the absence of incentives at the level of stocks or the level of the economy as a whole, most investors preferred to keep cash in the portfolios in the hope of entering new liquidity in the market begins with the indicators of the movement of a good rise.
"Today, emerging markets are very uncertain, which will affect foreign investment flows, expectations of rising US interest rates and the instability of global markets. in the midst of political and economic tensions, "he said. Egyptian investors were hoping that some of the liquidity from the fixed debt instruments would move into the financial markets lately, but it has not moved, which has reduced the chances of completing the indices. The recovery of 18,400 points is a historical level. In the We hope that the market with caution to the monitoring of investment opportunities, especially in the approach of the announcement of the results of the work of the public sector business shares and the season of distribution This could be a good opportunity in the light of the current shortage of cash.
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