Egypt Stocks Lose EGP1.7 billion, EGX30 below 8405 on Sunday

Egypt’s stocks ended lower on Sunday incurring losses 1.7 billion Egyptian pounds driven by foreign investors’ sell-offs.

Consequently, the main stock index, EGX30 dropped further below 8405 points during Sunday’s closing session.

Meanwhile, the Egyptian Exchange’s indices were wavering in red notes during closing session of Sunday.

EGX is operating with shortened trading hours during the Islamic fasting month of Ramadan since the exchange would open from 10:00 to 13:30 Cairo time.

Indices

Egypt’s benchmark index EGX30 ended 0.66 per cent lower to 8401.16 pts; while EGX20 finished 0.57 per cent down to 10136.6 pts.     
In addition, the mid- and small-cap index, the EGX70 fell by 0.36 per cent to end at 604.54 pts. The price index EGX100 decreased by 0.38 per cent to conclude at 1066.56 pts.  
Furthermore, the market capitalization recorded EGP 485.761 billion on Sunday.

Turnovers below EGP 1 billion
Through the closing session of Sunday, the trading volume has reached 99.456 million securities, with turnovers worth EGP 658.064 million, exchanged through 11.534 transactions.               
Also during the closing session, 158 listed securities have been traded in; 91 declined, 39 advanced; while 23 kept their previous levels.

Investors’ Activities

The non-Arab foreign and Arab investors were net sellers on Sunday seizing 7.17% and 1.47% respectively of the total markets, with a net equity of EGP 7.798 million and EGP 1.170 million respectively, excluding the deals.

On the contrary, Egyptian investors were net buyers capturing 91.35% of the total market, with a net equity of EGP 8.968 million, excluding the deals.