Egypt stocks retreat 0.5% as profit-taking continues

Egypt’s stock market fell Monday as local investors’ profit-taking continues. Main index, EGX30 retreated 0.56 percent, to 12182.04 points.

Other indices; EGX50 EWI index rose 0.60 percent, to 1925.06 points; EGX20 dropped 0.60 percent, to 12276.85 points.

Mid- and small-cap index EGX70 surged 1.23 percent, to 459.45 points. Price index, EGX100 also added 0.46 percent, to 1089.42 points.

Market Cap

Market capitalisation incurred losses worth 1.5 billion Egyptian pounds (around $79.3 million), to record 597.509 billion pounds during the closing session of Monday.

Turnovers

The bourse’s trading volume reached 338.760 million securities, with turnovers, closing at 1.409 billion pounds, exchanged through 30,716 transactions.

Also during the closing session, 182 listed securities have been traded in, 66 declined, 75 advanced; while 32 kept their previous levels.

Investors’ Activities

Local investors remained net sellers capturing 90.26 percent of the total market, with a net equity of 37.300 million pounds, excluding the deals.

On the contrary, non-Arab foreign and Arab investors were net buyers controlling 2 and 7.74 percent respectively of the total markets, with a net equity of 17.080 million pounds and 20.219 million pounds, respectively, excluding the deals.