Egypt Shares Start Week in Red, Lose EGP138 mln at Close

Egyptian stocks have started the week lower ending Sunday’s session with losses totaled EGP 138 million driven by local and non-Arab foreign sell-offs. The benchmark index hit below 6740 points on Sunday.

Yet, the Egyptian Exchange indices were wavering in red notes on Sunday afternoon.

Egypt’s benchmark index EGX30 ended 0.17 per cent lower to 6736.27 pts, and EGX20 also finished 0.17 per cent down to 7829.07 pts.    
Meanwhile, the mid- and small-cap index, the EGX70 fell by 0.16% to close at 534.31 pts. The price index EGX100 went down by 0.18 per cent to conclude at 909.29 pts.  
The capital market has closed at EGP 422.997 billion on Sunday afternoon.

Turnovers
Through the closing session of Sunday, the trading volume has reached 144.024 million securities. For the traded value, it hit EGP 387.051 million, exchanged through 19.839 thousand transactions.          

Also during the closing session, 180 listed securities have been traded in; 125 declined, 33 advanced; while 22 keeping their previous levels.

Investors’ Activities

Egyptians and the non-Arab foreigners were net sellers acquiring 79.31% and 11.45% respectively of the total markets, with a net equity of EGP 8.958 million and 2.819 million respectively, excluding the  deals.

On the contrary, Arabs were buyers net seizing 9.24% of the total market, with a net equity of EGP 11.777 million, excluding the deals.