Cairo’s stocks start week in red notes with losses of $202mn

Egyptian stock market starts week with losses of 1.8 billion Egyptian pounds (US$ 202 million) despite local and Non-Arab buying appetites

The market capitalisation recorded 402.242 billion pounds during the closing session of Sunday.

Indices

Egyptian benchmark index, EGX30 solely dropped by 0.06  percent to 7494.76  points.

The EGX50 EWI index went up by 0.95  percent to 1393.84  points.

EGX20 climbed by 0.48 percent to 7589.71 points.

In addition, the mid- and small-cap index EGX70 hiked by 2.05 percent to 373.63 points. The price index, EGX100 increased by 1.20  percent to 781.11 points.

Turnovers down

On Sunday, the bourse’s trading volume has reached 124.960 million securities, with turnovers closed at 432.546 million pounds, exchanged through 14,056 thousand transactions.

Also during the closing session, 167 listed securities have been traded in; 44 declined, 70 advanced; while 51 kept their previous levels.

Investors’ Activities

On Sunday, Arab investors were net sellers seizing 2.39 percent of the total market, with a net equity of 656.014 million pounds, excluding the deals.

On the contrary, Local and Non-Arab investors were net buyers on Sunday getting 90.6 percent and percent respectively of the total markets, with a net equity of 11.962 million pounds and 11.306 million pounds, respectively, excluding the deals.