Egypt Indices Tumble on Monday as Arabs Sell

Egypt’s stocks ended lower on Monday with losses totalling 2.4 billion Egyptian pounds triggered by Arab investors’ selling pressures. In return, the country’s main stock index, EGX30 further retreated below 9235 points.

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

Indices

Egypt’s benchmark index EGX30 ended 0.80 per cent lower to 9233.83 pts; while EGX20 closed 0.83 per cent down to 10739.47 pts.

In addition, the mid- and small-cap index, the EGX70 dropped by 0.30 per cent to finish at 638.67 pts. The price index EGX100 went down by 0.39 per cent to conclude at 1146.61 pts.  
Furthermore, the market capitalization recorded EGP 519.629 billion on Monday.

Turnovers below EGP One billion
Through the closing session of Monday, the trading volume has reached 179.584 million securities, with turnovers worth EGP 890.405 thousand, exchanged through 21.462 transactions.                 
Also during the closing session, 186 listed securities have been traded in; 110 declined, 52 advanced; while 19 kept their previous levels.

Investors’ Activities

Arab investors net sellers on Monday seizing 8.03% of the total market, with a net equity of EGP 49.556 million, excluding the deals.

On the other hand, local and non-Arab foreign investors were net buyers capturing 81.71% and 10.26% respectively of the total markets, with a net equity of EGP 29.790 million and EGP 19.765 million, respectively, excluding the deals.