By Ahmed Allam
Cairo – Mubasher: The Egyptian Exchange (EGX) indices were down in January, while the market capitalisation shed around EGP 38.67 billion ($4.94 billion) to EGP 391.12 billion, amid pressures from foreign selling activity.
The capitalisation of local equities fell by more than EGP 70.2 billion ($8.97 billion) in 2015.
The main index, or EGX30, fell by 14.46% or 1,013.29 points to close the month at 5,992.72 points, compared with 7,006.01 points at the end of December, 2015.
The equal-weighted index EGX50 pulled back by 8.63% or 103.59 points to end at 1,096.95 points, down from 1,200.54 points.
EGX70, which measures small and mid-cap stocks, dropped by 5.89% or 22.3 points during the month to 356.39 points from 378.69 points.
The broader index EGX100 ended the month 9.48% or 74.95 points lower at 715.62 points, down from 790.57 points at the end of December.
During January, foreign investors were net sellers, while national and Arab traders came in as net buyers.
Translated by Sayed Abdel Rahman
