Egypt stocks tumble 0.6% as August begins

Egyptian stocks tumbled Monday as main index, EGX30 fell 0.66 percent, to 7930.14 points on foreign investors’ sell-off.

Other indices; EGX50 EWI index also plummeted 0.68 percent, to 1365.32  points; while EGX20 edged down 0.85 percent, to 8210.07 points.

Mid- and small-cap index EGX70 rose 0.16 percent, to 362.14 points. Price index, EGX100 lost 0.25 percent, to 780.87 points.

Market Cap

Market capitalisation incurred losses worth around 2.8 billion Egyptian pounds ($315.3 million), to record 411.043 billion pounds during the closing session of Monday.

Turnovers

The bourse’s trading volume reached 232.207 million securities, with turnovers, closing at 1.631 billion pounds, exchanged through 17,795 transactions.

Also during the closing session, 168 listed securities have been traded in, 79 declined, 39 advanced; while 48 kept their previous levels.

Investors’ Activities

Arab and non-Arab foreign investors were net sellers controlling 3.42 and 66.63 percent respectively of the total markets, with a net equity of 7.788 million pounds and 39.070 million pounds, respectively, excluding the deals.

On the contrary, local investors were net buyers capturing 29.95 percent of the total market, with a net equity of 46.859 million pounds, excluding the deals.