Egypt’s Stocks Fall at Early Trade Incurring EGP3.6bln Losses

Egypt’s stocks opened lower incurring early losses worth EGP3.6 billion amid foreign investors’ selling on Monday opening.

Indices

The Benchmark EGX30 tumbled by 0.95 % to 9076.92p, and EGX20 pushed down by 1.64% to 10491.48p.

In addition, the mid- and small-cap index, the EGX70 sagged by 2.89% to 609.28p.  Price index EGX100 plummeted by 2.13% to 1116.21p.

Furthermore, market capitalization reached EGP506.576 billion on the session of Monday opening.

Trading Volumes & Values

The trading volume has recorded 9.5 million securities worth EGP 42.535 million, exchanged through 1.6 thousand transactions during Monday opening.

Also during the opening session, 106 listed securities have been traded in; 74 fell, 3 advanced; while 28 keeping their previous levels.

Investors’ Activities

Foreign investors were net sellers at early trade on Monday with a net equity of EGP EGP5.8 million, seizing 34.09% from the total value of trade on Sunday.

Egyptian and Arab investors were net buyers at early trade on Monday with a net equity of EGP2.4million and EGP3.4 million, acquiring 57.98%, 7.93% excluding the deals.