Egypt Shares Start Week Lower, Lose EGP736 mln at Close

Egypt stocks have ended the first day of the week lower incurring losses of EGP 736 million driven by the concerns over demonstrations scheduled on Sunday by the former president Mohamed Morsi’s supporters. The benchmark index closed below 6440 points triggered by non-Arab foreign selling pressures.

The Egyptian Exchange indices were wavering on red notes on Sunday afternoon.

Egypt’s benchmark index EGX30 ended 0.32 per cent higher to 6436.13 pts, and the EGX20 also finished 0.32 per cent up to 7513.23 pts.   
Meanwhile, the mid- and small-cap index, the EGX70 fell by 0.22 per cent to conclude at 534.97 pts. The price index EGX100 dropped by 0.28 per cent to close at 893.7 pts.  
The capital market has closed at EGP 414.175 billion on Sunday.

Declining Turnovers 
Through the closing session of Sunday, the trading volume has reached 130.657 million securities. For the traded value, it hit EGP 309.842 million, exchanged through 19.766 thousand transactions.       

Also during the closing session, 179 listed securities have been traded in; 92 declined, 65 advanced; while 22 keeping their previous levels.

Investors’ Activity

The non-Arab foreigners were net sellers triggering EGX’s closing losses for they seized 4.73% of the total market, with a net equity of EGP 2.209 million, excluding the deals.

On the other hand, Egyptians and Arabs were net buyers acquiring 89.56% and 5.72% respectively, of the total market, with net equities of EGP 690.948 thousand and EGP 1.518 million, excluding the deals.