Driven by local and Arab selling pressures, Shares in Egypt have opened lower incurring early losses of EGP 470 million. The benchmark index further fell below 6040 points on Tuesday.
The Egyptian Exchange’s indices were wavering in red notes during Tuesday morning.
The Benchmark EGX30 inched down by 0.51% to 6039.63 p; while EGX20 dipped by 0.46% to 7089.07 p.
Meanwhile, the mid- and small-cap index, the EGX70 decreased by 0.23% to 506.25 p. Price index EGX100 dropped by 0.19% to 850.9 p.
The capital market has opened at EGP 394.440 billion on Tuesday, according to data compiled by Amwal Al Ghad English at 11:01 a.m. Cairo time (09:01 GMT).
Trading Volumes & Values
The trading volume has recorded 14.049 million securities worth EGP 23.075 million, exchanged through 1300 transactions during Tuesday opening.
Also during the opening session, 97 listed securities have been traded in; 40 fell, 19 advanced; while 38 keeping their previous levels.
Egyptians and Arabs were net sellers as they acquired 75.26% and 14.39% respectively of the total markets, with a net equity of EGP 1.762 million and EGP 2.890 million respectively, excluding the deals.