Egyptian bourse starts week in red, market cap losses EGP1.96bn

The Egyptian Exchange (EGX) closed Sunday’s trading session in red amid foreign and Arab sales and local purchases.

The benchmark EGX30 index fell by 1.54 percent, ending the session at 9,760 points.

However, the EGX70 rose by 1.95 percent to 978 points, while the EGX100 index went up by 1.19 percent to 1,038 points.

The EGX50 index inched up by 0.05 percent to 1,339 points.

The market cap lost 1.96 billion Egyptian pounds to close at 537.9 billion pounds, compared to 539.9 pounds billion on Thursday.

Foreign and Arab investors were net sellers with  1.011 billion pounds and 9.6 million pounds , respectively, while Egyptian investors were net buyers with  1.02 billion pounds .

The market’s turnover reached  390.8 million pounds after 194 million shares were exchanged through about 19,700 transactions.