Market Commentary

09/07/2020

The local market headed south today with EGX30 declining 1.54% closing at 10,957.02pts, and EGX70 declining 4.2% to close at 1,477.36pts. Over the week EGX30 increased 1.79% and EGX70 increased 1.80%.

Today’s turnover recorded EGP 1,222.7mn distributed over 477.2mn shares. Local and Arab investors stepped in as net buyers with EGP 0.48mn and EGP 53.79mn respectively, while  Foreign investors stepped out as net sellers with EGP...

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