Egypt Shares Open Lower, EGX 30 Slumps to 6453

The Egyptian stocks have opened lower on Tuesday incurring losses worth EGP 441 million driven by early non-Arab foreign selling pressures. Accordingly, the benchmark tumbled to 6453 points early Tuesday.

The Egyptian Exchange’s indices were wavering in red notes during opening.

The Benchmark EGX30 tumbled by 0.23% to 6453.6 p; while EGX20 also decreased by 0.23% to 7472.2 p.

Additionally, the mid- and small-cap index, the EGX70 dipped by 0.07% to 524.33 p.  Price index EGX100 fell by 0.08% to 882.3 p.

The capital market has opened Tuesday at EGP 410.941 billion on Tuesday, according to data compiled by Amwal Al Ghad English at 11:06 a.m. Cairo time (09:06 GMT).

Trading Volumes & Values

The trading volume has recorded 3.104 million securities worth EGP 10.036 million, exchanged through 728  transactions during Tuesday opening.

Also during the opening session, 70 listed securities have been traded in; 35 fell, 10 advanced; while 25 keeping their previous levels.

Investors’ Activities

The non-Arab foreigners were net sellers acquiring 16.77% of the total market, with a net equity of EGP 706.929 thousand, excluding the deals.

On the contrary, Egyptians and Arabs were net buyers seizing 79.67% and 3.56% respectively of the total markets, with a net equity of EGP 434.248 thousand and EGP 272.681 thousand respectively, excluding the deals.