Cairo bourse ends in red notes with $562mn losses

Egyptian stock markets finished Monday with losses estimated at 4.4 billion Egyptian pounds (US$561.8 million) despite local and non-Arab buying appetite.

The market capitalisation recorded 427.814 billion pounds during the closing session of Monday.

Indices

Egypt’s benchmark index, EGX30 declined by 1.51 percent to 6982.25 points.

The EGX50 EWI index went down by 1.91 percent to 1188.44 points.

EGX20 sagged by 2.11 percent to 6965.95 points.

In addition, the mid- and small-cap index EGX70 went down by 1.88 percent to 376.49 points. The price index, EGX100 dropped by 1.64 percent to 783.22 points.

Turnovers up

On Monday, the bourse’s trading volume has hit 299.063 million securities, with turnovers closed at 582.422 million pounds, exchanged through 22,460 thousand transactions.

Also during the closing session, 167 listed securities have been traded in; 123 declined, 15 advanced; while 27 kept their previous levels.

Investors’ Activities

Egyptian and non-Arab investors were net buyers on Monday seizing 82.32% and 8.33% respectively of the total markets, with a net equity of 32.593 million pounds and 22.160 million pounds, respectively, excluding the deals.

On the contrary, the Arab investors were net sellers getting 9.35% of the total market, with a net equity of 54.753 million pounds, excluding the deals.