The bourse closes 0.7% lower at EGP 817 million

The EGX30 index closed 0.71% lower at 13121.1 points. The EGX30 index was down 0.56% at 2155.2.

The EGX70 index was down 0.17% to close at 676.48 points. The EGX20 index shed 0.85% to close at 13138.71 points. The broader EGX100 index was down 0.32% at 1695.1.

The market recorded trading value of EGP 816.93 million, with 193.21 million shares changing hands, with 22.62 thousand buying and selling transactions. The shares of 170 listed companies were traded, 53 shares advanced and 83 declined, while 34 others , To settle the market capitalization of shares at the level of 746.25 billion pounds, losing about 3 billion pounds during the session.

On the other hand, the net transactions of Egyptians are net buyers, recording EGP 1.07 billion, buying 69.71% of total buy and sell trades. Meanwhile, net buyers and sellers are net sellers, recording EGP497.4 million and EGP 568.9 million respectively, , 16.22% of the trading.

NEW YORK (Reuters) - Oil fell about 2 percent on Friday as investors worried about a global economic slowdown, rebounding from nine consecutive sessions of gains raised by hopes for US-China trade talks, but stuck to some of those gains to end the week higher.

Global Brent crude futures fell to a close of $ 1.2, or 1.95 percent, to settle at $ 60.48 a barrel.

US benchmark WTI futures fell $ 1.00, or 1.9 percent, to settle at $ 51.59 a barrel.

But both benchmark crudes recorded a second week of gains as Brent climbed nearly 6 percent, while US crude jumped 7.6 percent.

On Thursday, Brent recorded the ninth straight session of gains in the longest rally since September 2007. US crude also rose for a ninth day in a row, breaking a record in 2010.

Individuals executed 32.28% of all transactions, headed for selling all, led by Egyptian individuals who preferred to sell at EGP 244 million. Institutions attracted 67.72% of the turnover, with the exception of Egyptian institutions which recorded a net purchase of EGP 1.31 billion. And foreign net sale of 313.81 million pounds, and 545.13 million pounds, respectively.


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