Egypt Shares Lose EGP3.8 bln at Close on Monday

Egypt stocks have ended in dark red on Monday encountering losses totaled EGP 3.8 billion battered by foreign selling pressures. The benchmark index further tumbled 1.2% to close below 6360 points.

The Egyptian Exchange indices were back to the red notes on Monday afternoon.

Egypt’s benchmark index EGX30 ended 1.24 per cent lower to 6356.47 pts, and the EGX20 also finished 1.63 per cent down to 7390.45 pts.   
Meanwhile, the mid- and small-cap index, the EGX70 inched down by 1.40 per cent to conclude at 527.46 pts. The price index EGX100 dropped by 1.32 per cent to close at 881.92 pts.  
The capital market has closed at EGP 410.364 billion on Monday.

Turnovers 
Through the closing session of Monday, the trading volume has reached 186.686 million securities. For the traded value, it hit EGP 513.412 million, exchanged through 25.996 thousand transactions.       

Also during the closing session, 184 listed securities have been traded in; 148 declined, 28 advanced; while 8 keeping their previous levels.

Investors’ Activity

The non-Arab foreigners and Arabs were net sellers triggering EGX’s closing losses for they seized 7.48% and 4.45% respectively, of the total market, with net equities of EGP 28.059 million and EGP 4.699 million, excluding the deals.

On the other hand, Egyptians were net buyers acquiring 88.07% of the total market, with a net equity of EGP 32.758 million, excluding the deals.