EGX Loses EGP 8 Bln; On Monday Closing

On Monday’s closing session, the EGX incurred losses of EGP 7.9 billion as the capital market amounted to EGP 339.274 billion.

The main index, EGX 30 went down 2.73% to close at 4593.52 p. EGX20 fell 3.21% to close at 5255.28 p.

Meanwhile, the mid- and small-cap index, the EGX70 dropped 2.14% to close at 428.93 p. Price index EGX100 sagged 2.12% to close at 750.84 p.

Traded volume reached million 106.103 securities, at a value of EGP 306.856 million, exchanged through 22.709 thousand transactions.

This was after trading in 173 listed securities; 153 down and 15 up while 5 keeping their previous levels.

Egyptians were net buyers seizing 77%, with a net equity of L.E 33.145 million, excluding the deals.

On the other hand, the reason for the EGX30’s decline is that  the non-Arab Foreigners and Arabs were net sellers seizing 11.84% and 11.16% respectively, with a net equity of EGP 19.484 million and of EGP 13.664 million, excluding the deals.