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Stock index down 1.3% .. And trading at the lowest rates of 7 years
Recorded the Egyptian stock indexes fell collectively to the closure of trading Monday amid trading volumes very weak is the lowest in 7 years, affected by weak demand for purchase and you do not want to sell because of the sharp decline in the shares, the owner continue to foreign investors to exit from the market were offset by the purchase of a weak and selective investors Arabs and Egyptians.
The decline in the main stock index (Eiji X 30) by 1.3% to close at 77.3634 points, as stock index tumbled small and medium enterprises (Eiji X 70) by 2% to 416.17 points, the index lost (Eiji X 100) broader about 1.6% of its value to close at 644.08 points.
Brokers said the market "The volumes in the stock market recorded its lowest level since December 20, 2004, influenced by the absence of liquidity and purchasing power, such as 3 meetings of the end of the year," arguing that this period of each year usually sees reluctance of investors buying and selling because of the adjustments to the end of the year.
The volume of trading in the stock market today, 87 million pounds, rising to 107.3 million pounds, adding trading market bonds, primary dealers and the transfer of ownership, lost its market capitalization of the shares of listed companies 2.8 billion pounds to 394.3 billion pounds compared to 296.9 pounds when you close Sunday.
Recorded the Egyptian stock indexes fell collectively to the closure of trading Monday amid trading volumes very weak is the lowest in 7 years, affected by weak demand for purchase and you do not want to sell because of the sharp decline in the shares, the owner continue to foreign investors to exit from the market were offset by the purchase of a weak and selective investors Arabs and Egyptians.
The decline in the main stock index (Eiji X 30) by 1.3% to close at 77.3634 points, as stock index tumbled small and medium enterprises (Eiji X 70) by 2% to 416.17 points, the index lost (Eiji X 100) broader about 1.6% of its value to close at 644.08 points.
Brokers said the market "The volumes in the stock market recorded its lowest level since December 20, 2004, influenced by the absence of liquidity and purchasing power, such as 3 meetings of the end of the year," arguing that this period of each year usually sees reluctance of investors buying and selling because of the adjustments to the end of the year.
The volume of trading in the stock market today, 87 million pounds, rising to 107.3 million pounds, adding trading market bonds, primary dealers and the transfer of ownership, lost its market capitalization of the shares of listed companies 2.8 billion pounds to 394.3 billion pounds compared to 296.9 pounds when you close Sunday.
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