Egypt stock market lost some 5% during April 2011
The Egyptian stock market witnessed a huge decline during the month of April as the main index "EGX30" fell to the level of 5004 points compared to 5463.72 points during the month of March, a decline of 8.71%, due to the selling pressures on a number of shares.
The monthly report issued by the Egyptian Stock Exchange indicated, however, a rise in the index of medium and small companies' shares, as the "EGX70" index went up by 4.43% to close at 597 points, while the "EGX100" index went up by about 0.57% and closed at 926 points. This came following a support in the purchase of individual investors of stocks belonging to small and medium enterprises.
Egyptians were responsible for 61.41% of the volume of transactions while the foreign investors controlled 33.42% of transactions which amounted to 246.02 million pounds. Arabs held 5.16% of the volume of net purchases which amounted to 76.46 million pounds.
The total value of stocks traded during the month of April reached 11.4 billion pounds. Meanwhile, the market capitalization lost 20.1 billion pounds during the month of April. The report pointed out that the market value amounted to 387.6 billion pounds compared to 407.7 billion pounds at the end of the previous month, say a decline of 4.9%. Source: yallafinance.com.