Egyptian Stock Exchange launched trading week, a sharp decline, on Sunday, and that affected Pthaoa global and regional financial markets, with oil falling and investors feared a global slowdown, with market capitalization of the shares of listed companies, the stock market lost about 15.4 Billion pounds to close at 428.6 Billion pounds after trading hit 1.9 Billion, of which 429 Million pound stock market trading.
The main index fell for the market 5.4% To close at 6784.1 Its lowest level in point 20 Months and lost secondary index 6% To close at 385.4 Points, and turnover values 444.437 Million pounds.
The Egyptians took control of transactions in a manner 96% Of trading and headed for sale in total foreign transactions 3% Umalt llsraء ualarb 1% Umalt llbya.
And it took control of individual transactions 15% Of trades versus 85% Institutions.
Egypt Stock Exchange halted trading on more than 100 Shares for half an hour after falling more than 5%, and the stock lost about 15 Billion pounds of its market value, and disappeared from the purchase orders 38 Shares through transactions today.
Hot and International Trade Shares 5.6% And Amer Group 9.9% And Orascom Telecom 9.5% And Resorts 8.3%.
Kareem Abdul-Aziz said of the civil management of investment funds “No one knows if the world is heading toward a financial crisis already or not, the fear in a very large market, institutions buy at these levels”He said, adding “It has to be intervention configure local banks closed funds to invest in stocks through large liquidity have”.
US crude was down about 40 Dollars per barrel for the first time since the financial crisis of 2009 On Friday to close down 2% Amid signs of oversupply in the United States is weak industrial production data for the Chinese and record oil longest losing weekly loss in almost three decades.
Technicians and analysts, alluded see the stock exchange that the sharp decline witnessed by the wave Egyptian Stock Exchange recently paid more than 79 Shares to record lows in.
Analysts emphasize decline in the pace of decline in the current market support area between the index levels 6750 And 6950 points, the rebound up to the resistance area between levels 7200 And 7350 points, while the market rebound are pledged occurrence of the emergence of a strong purchasing the shares and the sales decline until the market forces be able to engage in a wave sideways, followed by the rise.