{"id":599630,"date":"2019-01-06T05:08:10","date_gmt":"2019-01-06T05:08:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/06\/egx30-falls-13-2-in-2018-amid-emerging-markets-sell-off\/"},"modified":"2019-01-06T05:08:10","modified_gmt":"2019-01-06T05:08:10","slug":"egx30-falls-13-2-in-2018-amid-emerging-markets-sell-off","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/06\/egx30-falls-13-2-in-2018-amid-emerging-markets-sell-off\/","title":{"rendered":"EGX30 falls 13.2% in 2018 amid emerging markets sell-off"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <b>**#1 The Egyptian bourse\u2019s benchmark EGX30 index fell 13.2% in 2018 amid global markets fluctuations<\/b> <b>and the emerging markets sell-off<\/b>, EGX Chairman Mohamed Farid said. Farid noted that EGX50 also fell 16.3% last year. Foreign purchases in the EGX dropped to EGP 5.73 bn in 2018 from EGP 9.55 bn the year before, an <u><a href=\"https:\/\/ent.news\/2019\/1\/1809.pdf\">annual report showed (pdf)<\/a><\/u>.<\/p>\n<p><b>Volumes down but values are up: <\/b>Trade volumes declined to 60.8 bn securities from 77.9 bn the previous year despite total trades values rising 7.92%, registering EGP 358.5 bn from around EGP 332.2 bn in 2017. The number of transactions went down last year to 6.3 mn from 7 mn.<\/p>\n<p><b>The number of new investors went up 8.5%<\/b>, reaching 24,000 from 22,000 last year and the number of foreign institutions that entered the market went up to 1,187 from 1,164 last year.<\/p>\n<p><b>Looking ahead<\/b>, Egypt is also planning to launch a new index to replace one of its five indices before the end of 1Q2019 as part of efforts to restructure its stock market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>**#1 The Egyptian bourse\u2019s benchmark EGX30 index fell 13.2% in 2018 amid global markets fluctuations and the emerging markets sell-off, EGX Chairman Mohamed Farid said. Farid noted that EGX50 also fell 16.3% last year. Foreign purchases in the EGX dropped to EGP 5.73 bn in 2018 from EGP 9.55 bn the year before, an annual [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":599631,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[68,11305,72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-egx","tag-emerging-market-selloff","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"bb07dcd4-4c0f-450b-aec8-3c9da0139cc2","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2019\/1\/813.jpg","photo_position":"above","related_issue":[599625],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EGX30 falls 13.2% in 2018 amid emerging markets sell-off - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/06\/egx30-falls-13-2-in-2018-amid-emerging-markets-sell-off\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EGX30 falls 13.2% in 2018 amid emerging markets sell-off\" \/>\n<meta property=\"og:description\" content=\"**#1 The Egyptian bourse\u2019s benchmark EGX30 index fell 13.2% in 2018 amid global markets fluctuations and the emerging markets sell-off, EGX Chairman Mohamed Farid said. Farid noted that EGX50 also fell 16.3% last year. Foreign purchases in the EGX dropped to EGP 5.73 bn in 2018 from EGP 9.55 bn the year before, an annual [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/06\/egx30-falls-13-2-in-2018-amid-emerging-markets-sell-off\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-06T05:08:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2019\/1\/813.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/06\/egx30-falls-13-2-in-2018-amid-emerging-markets-sell-off\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/06\/egx30-falls-13-2-in-2018-amid-emerging-markets-sell-off\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EGX30 falls 13.2% in 2018 amid emerging markets sell-off\",\"datePublished\":\"2019-01-06T05:08:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/06\/egx30-falls-13-2-in-2018-amid-emerging-markets-sell-off\/\"},\"wordCount\":160,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/06\/egx30-falls-13-2-in-2018-amid-emerging-markets-sell-off\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/1\/813.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EGX\",\"emerging market selloff\",\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/06\/egx30-falls-13-2-in-2018-amid-emerging-markets-sell-off\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/06\/egx30-falls-13-2-in-2018-amid-emerging-markets-sell-off\/\",\"name\":\"EGX30 falls 13.2% in 2018 amid emerging markets sell-off - 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This trend isn\u2019t exclusive to Egypt Farid says. Foreign investors\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/717.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561112,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/25\/cbe-to-provide-egp-1-bn-to-set-up-new-egx-fund\/","url_meta":{"origin":599630,"position":1},"title":"CBE to provide EGP 1 bn to set up new EGX fund","author":"enterpriseam admin","date":"25 March 2021","format":false,"excerpt":"A fund created yesterday to boost trading volumes on the EGX is getting EGP 1 bn as a preliminary allocation from the Central Bank of Egypt (CBE), CBE Deputy Governor Rami Aboul Naga tells Asharq Business. The allocation for the fund, which the Financial Regulatory Authority gave the green light\u2026","rel":"","context":"In &quot;Capital markets&quot;","block_context":{"text":"Capital markets","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/311.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":636225,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/27\/foreigners-invested-egp-7-4-bn-in-the-egx-in-2017\/","url_meta":{"origin":599630,"position":2},"title":"Foreigners invested EGP 7.4 bn in the EGX in 2017","author":"enterpriseam admin","date":"27 December 2017","format":false,"excerpt":"Foreigners invested a net amount of EGP 7.4 bn (USD 414 mn) in the Egyptian stock market in 2017, according to Reuters. Since the EGP float in November 2016, foreigners have injected EGP 13 bn into the EGX. The EGX30 has increased 19% this year and \u201cannual trading has exceeded\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":570164,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/22\/egx30-ends-in-the-green-for-the-first-time-in-two-weeks\/","url_meta":{"origin":599630,"position":3},"title":"EGX30 ends in the green for the first time in two weeks","author":"enterpriseam admin","date":"22 March 2020","format":false,"excerpt":"The EGX30 closed Thursday in the green for the first time in weeks: The benchmark EGX30 closed in the green on Thursday for the first time in two weeks, rising 5% by the closing bell. The index closed in the red since 10 March as investors fled equities amid a\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/242.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":625740,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/the-egx-is-expected-to-see-4-5-ipos-over-the-coming-eight-months\/","url_meta":{"origin":599630,"position":4},"title":"The EGX is expected to see 4-5 IPOs over the coming eight months","author":"enterpriseam admin","date":"14 August 2018","format":false,"excerpt":"IPO WATCH- The EGX is expected to see 4-5 IPOs over the coming eight months, EGX boss Mohamed Farid told Reuters\u2019 Arabic service in an interview. Farid did not delve into the specifics of the listings, except to say that these companies are expected to raise as much as EGP\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":590646,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/30\/mohamed-farid-aramco-has-no-direct-impact-on-egx\/","url_meta":{"origin":599630,"position":5},"title":"Mohamed Farid: Aramco has no direct impact on EGX","author":"enterpriseam admin","date":"30 December 2019","format":false,"excerpt":"Saudi Aramco\u2019s IPO has had no direct impact on the EGX, exchange boss Mohamed Faridsaid at a symposium organized by Youm7 to discuss raising listings on the bourse. Aramco had only an indirect impact by changing companies\u2019 relative weight in global market indices such as the MSCI Emerging Markets Index.\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/9\/Mohamed-Farid-EGX-1600.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/599630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=599630"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/599630\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/599625"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/599631"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=599630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=599630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=599630"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=599630"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=599630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}