Stocks Closed Lower in Egypt amid Local and Arab Sell-offs

Egypt’s stocks closed lower on Monday incurring losses worth 2.2 billion Egyptian pounds driven by local and Arab investors’ selling appetite. In return, the country’s main stock index, EGX30 retreated below 9705 points.

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

Indices

Egypt’s benchmark index EGX30 ended 0.21 per cent lower to 9703.46 pts; while EGX20 finished 0.44 per cent down to 11656.32 pts.     
In addition, the mid- and small-cap index, the EGX70 inched down by 1.42 per cent to finish at 651.44 pts. The price index EGX100 dropped by 0.82 per cent to conclude at 1171.47 pts.  
Furthermore, the market capitalization recorded EGP 528.231 billion on Monday.

Turnovers above EGP One billion
Through the closing session of Monday, the trading volume has reached 194.260 million securities, with turnovers worth EGP 1.003 billion, exchanged through 28.883 transactions.               
Also during the closing session, 194 listed securities have been traded in; 139 declined, 29 advanced; while 22 kept their previous levels.

Investors’ Activities

Local and Arab investors were net sellers on Monday seizing 71.67% and 6.3% respectively of the total markets, with a net equity of EGP 93.636 thousand and EGP 9.937 million, respectively, excluding the deals.

On the other hand, the non-Arab foreign investors remained net buyers acquiring 22.03% of the total market, with a net equity of EGP 10.031 million, excluding the deals.