Egypt’s stock market keeps losing for the second day in row

Egypt’s stock market declined on Monday with losses estimated at 4.5 billion Egyptian pounds (US$560.4 million) on Non-Arab sell off .

The market capitalisation has recorded 439.231billion pounds during the closing session of Monday.

Indices

Egypt’s benchmark index, EGX30 dropped by 2.84 percent to 7138.81 points.

The newly-launched EGX50 EWI index went down by 2.01 percent to 1203.52 points.

EGX20 declined by 2.67 percent to 6877.03 points.

In addition, the mid- and small-cap index EGX70 decreased by  1.47 percent to 378.05 points. The price index, EGX100 sagged by 1.42 percent to 818.01 points.

Turnovers down

On Monday, the bourse’s trading volume has hit 258.159 million securities, with turnovers closed at EGP 967.027 million, exchanged through 21,090 thousand transactions.

Also during the closing session,174  listed securities have been traded in; 115 declined, 19 advanced; while 37 kept their previous levels.

Investors’ Activities

Local and Arab investors were net buyers on Monday seizing 75.3 % and 6.11% respectively of the total markets, with a net equity of EGP 48.654 million and EGP 84.270 million, respectively, excluding the deals.

On the contrary, Non -Arab investors were net sellers getting 18.59% of the total market, with a net equity of EGP 132.925 million, excluding the deals.