Egypt Benchmark Bourse Retreats to 5668 pts at Open

Egypt’s shares encountered early losses of EGP 130 million dragged by local selling pressures on Thursday.

The benchmark index opened below 5670 pts.

The Egyptian Exchange’s indices were wavering in red notes this morning.

The Benchmark EGX30 edged down by 0.44% to 5668.75 p; while EGX20 fell by 0.47% to 6621.3 p.

On the other hand, the mid- and small-cap index, the EGX70 dropped by 0.58% to 490.56 p.  Price index EGX100 inched lower by 0.50% to 818.24 p.

The capital market has opened at EGP 379.314 billion on Thursday according to data compiled by Amwal Al Ghad English at 10:54 a.m. Cairo time (08:54 GMT).

Trading Volumes & Values

The trading volume has recorded 1.005 million securities worth EGP 3.763 million, exchanged through 353 transactions during Thursday opening.

Also during the opening session, 61 listed securities have been traded in; 24 fell, 5 advanced; while 32 keeping their previous levels.

Investors’ Activities

Egyptians were net sellers driving EGX’s losses as they seized 97.66%, with a net equity of EGP 112.336 thousand, excluding the deals.

Meanwhile, Arabs were net buyers acquiring 1.77%, of the total markets, with a net equity of EGP 70.886 thousand excluding the deals.