EGX Loses EGP 1.6 Bln, Benchmark Opens Below 5325 Pts

During Tuesday’s opening session, the Egyptian Exchange (EGX) has posted early losses of EGP 1.6 billion. The capital market has amounted to EGP 368.287 billion, according to data compiled by Amwal Al Ghad at 11:09 a.m. Cairo time (09:09 GMT).

The EGX indices opened in red.

The main index, EGX30 fell by 0.91% to 5323.93 p. EGX20 dipped by 0.91% to 6147.82 p.

Meanwhile, the mid- and small-cap index, the EGX70 edged down by 0.63% to 473.09 p.  Price index EGX100 went down by 0.66% to 789.93 p.

This was after trading in 82 listed securities; 42 declined, 9 advanced; while 31 keeping their previous levels.

The local selling pressures have driven EGX’s early losses as they were net sellers seizing 91.18% of the total markets, with a net equity of EGP 2.686 million excluding the deals.

Meanwhile, Arabs’ and the non-Arab foreigners were net buyers seizing 8.39% and 0.44% respectively, of the total markets, with a net equity of EGP 2.721 million and EGP 34.425 thousand excluding the deals.