Cairo stocks start week in red, EGX30 slide 1.36% at Ramadan trade

Egyptian stock market ended lower on Sunday weighed by foreign sell-off during the seventh day of the Muslim holy month of Ramadan.

Main index as EGX30 slide 1.36 percent, to 7650.62 points.

During Ramadan, the trading sessions start at 10 a.m. Cairo Local Time (8:00 GMT) and end at 1:30 p.m. (11:30 GMT), reducing trading hours by one hour.

Other indices; EGX50 EWI index pushed down 0.92 percent, to 1398.96 points; while EGX20 dropped 0.96 percent, to 7913.99 points.

Mid- and small-cap index EGX70 dipped 0.09 percent, to 372.82 points. Price index, EGX100 fell 0.34 percent, to 789.14 points.

Market Caps

Market capitalisation incurred mild losses worth 3.4 billion Egyptian pounds ($382.822 million), to record 405.907 billion pounds during the closing session of Sunday.

Turnovers

The bourse’s trading volume reached 161.335 million securities, with turnovers, closing at 593.711 million pounds, exchanged through 11.952 transactions.

Also during the closing session, 165 listed securities have been traded in, 92 declined, 28 advanced; while 41 kept their previous levels.

Investors’ Activities

Non-Arab foreign and Arab investors were net sellers controlling 3.48 and 6.87 percent respectively of the total markets, with a net equity of 19.168 million pounds and 16.330 million pounds, respectively, excluding the deals.

On the contrary, local investors were net buyers capturing 89.65 percent of the total market, with a net equity of 35.498 million pounds, excluding the deals.