Egypt: Stocks End Mixed on Sunday as Arabs Sell

Egypt’s bourse has ended lower on Sunday incurring losses worth 1.6 billion Egyptian pounds driven by Arab investors’ selling pressures. In return, the country’s main stock index, EGX30 retreated further below 9235 points.

The Egyptian Exchange’s indices were wavering on mixed notes during the closing session of Sunday.

Indices

Egypt’s benchmark index EGX30 ended 0.32 per cent lower to 9230.5 pts; and EGX20 closed 0.25 per cent down to 10751.27 pts.

On the other hand, the mid- and small-cap index, the EGX70 inched up by 0.81 per cent to finish at 631.31 pts. The price index EGX100 grew by 0.44 per cent to conclude at 1130.48 pts.  
Furthermore, the market capitalization recorded EGP 537.907 billion on Sunday.

Turnovers below EGP One billion
Through the closing session of Sunday, the trading volume has reached 142.032 million securities, with turnovers worth EGP 471.530 million, exchanged through 22.200 transactions.                
Also during the closing session, 178 listed securities have been traded in; 74 declined, 78 advanced; while 24 kept their previous levels.

Investors’ Activities

Arab investors were net sellers seizing on Sunday 10.99% of the total market, with a net equity of EGP 17.866 million, excluding the deals.

On the other hand, local and the non-Arab foreign investors were net buyers capturing 81.65% and 7.36% respectively of the total markets, with a net equity of EGP 17.532 million and EGP 334.359 thousand, respectively, excluding the deals.