Cairo stocks inch lower as local, non-Arab foreigners sell

Egypt’s stocks tumbled Monday triggered by local and non-Arab foreign investors’ sell off. Main index, EGX30 fell 1.26 percent, to 8246.9 points.

Other indices; EGX50 EWI index also dropped 1.02 percent, to 1395.14 points; EGX20 was down by 1.59 percent, to 8345.79 points.

Mid- and small-cap index EGX70 decreased 0.86 percent, to 361.86 points. Price index, EGX100 went lower 0.37 percent, to 809.03 points.

Market Cap

Market capitalisation lost 2.8 billion Egyptian pounds ($315.2 million), to record 415.478 billion pounds during the closing session of Monday.

Turnovers lower

The bourse’s trading volume reached 224.309 million securities, with turnovers, closing at 773.055 million pounds, exchanged through 22.320 transactions.

Also during the closing session, 180 listed securities have been traded in, 103 declined, 40 advanced; while 30 kept their previous levels.

Investors’ Activities

Local and non-Arab foreign investors were net sellers controlling 76.21 and 18.4 percent respectively of the total markets, with a net equity of 12.990 million pounds and 26.696 million pounds, respectively, excluding the deals.

On the contrary, Arab investors were net buyers capturing 5.39 percent of the total market, with a net equity of 39.686 million pounds, excluding the deals.