Cairo bourse incurs losses of $455m, EGX30 falls 1.76%

Egyptian stock markets incurred losses estimated at 8.19 billion Egyptian pounds (US$455 million) on local and Arab selling pressure.

The market capitalisation recorded 567.580 billion pounds during the closing session of Monday.

Indices

Egypt’s benchmark index, EGX30 dropped by 1.76  percent to 11426.5 points.

The EGX50 EWI index went down by 1.99 percent to 1863.12 points.

EGX20 sagged by 2.11 percent to 11148.31 points.

In addition, the mid- and small-cap index EGX70 decreased by 1.71 percent to 459.63 points. The price index, EGX100 fell by 1.66 percent to 1077.01 points.

Turnovers low

On Monday, the bourse’s trading volume has hit 587.181 million securities, with turnovers closed at 1.560 billion pounds, exchanged through 39,882 thousand transactions.

Also during the closing session, 185 listed securities have been traded in; 137 declined, 24 advanced; while 21 kept their previous levels.

Investors’ Activities

Local and Arab investors were net sellers on Monday  seizing 73.89 percent and 6.59 percent respectively of the total markets, with a net equity of 78.377 million pounds and 2.587 million pounds, respectively, excluding the deals.

On the contrary, the non-Arab foreign investors were net buyers getting 19.52 percent of the total market, with a net equity of 80.964 million pounds, excluding the deals.