EGX 30 Ends Sunday’s Transactions Below 5705 Pts On Foreign Sellers

The Egyptian Exchange (EGX) has posted losses of EGP 2.1 billion during Sunday’s session driven by Arabs as well as non-Arab foreigners’ selling pressures. The capital market has reached to EGP 385.898 billion.

The EGX indices closed in red.

The main index, EGX30 tumbled by 0.92% to end at 5701.49 p. EGX20 inched down by 0.50% to close at 6610.67 p.

Meanwhile, the mid- and small-cap index, the EGX70 sank by 1.79% to conclude at 486.99 pts.  Price index EGX100 dropped 1.22% to finish at 822.01 p.

During Sunday’s closing, the trading volume has reached 105.992 million securities worth EGP 409.705 million, exchanged 23.230  thousand transactions.

This was after trading in 169 listed securities; 131 declined, 17 advanced; while 21 keeping their previous levels.

EGX’s losses were driven by Arabs and non-Arab foreigners’ selling pressures as they were net sellers seizing 6.7% and 20.75% respectively, of the total markets, with a net equity of EGP 7.525 million and EGP 33.440 million excluding the deals.

Meanwhile, Egyptians were net buyers seizing 72.55% of the total markets, with a net equity of EGP 40.966 million excluding the deals.